The People’s Bank of China (PBOC) lowered a parameter on cross-border corporate financing under its macro-prudential assessments to 1 from 1.25, it said in a statement on its website.
That reversed a move in March when the central bank eased conditions allowing domestic coronavirus-hit firms to conduct overseas funding more easily.
China has seen a steady rebound from the coronavirus crisis, with manufacturing activity sustaining its recovery to pre-pandemic levels.
The string of upbeat data has led economists to forecast some winding down in 2021 of China’s easing measures introduced since the start of the pandemic.
Source: Economy - investing.com
