Chinese Regulator Dealing With Lending Rates For Small Companies

Forex News
According to a paper, published by CBIRC (China Banking and Insurance Regulatory Commission), Chinese financial regulator ordered banks to "significantly cut" lending rates for small companies in Q3 from the Q1’s number. Additionally, the regulator told them to raise real-time monitoring of lending rates and maintain asset quality and overall costs of their small business lending at an acceptable level.