CHINA UNVEILS NEW CREDIT SUPPORT MEASURES PBOC cut the 1-year PSL rate by 25 bps to 1.5%, added ¥500B in relending for agriculture and s
CHINA UNVEILS NEW CREDIT SUPPORT MEASURES PBOC cut the 1-year PSL rate by 25 bps to 1.5%, added ¥500B in relending for agriculture and small businesses, expanded tech relending by ¥200B, broadened PSL to computing power and grids, and announced first-home mortgage subsidies.