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ICBC Plans to Provide Min. RMB6T in Investment & Financing for POEs Over Next 3 Yrs
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The People's Bank of China, All-China Federation of Industry and Commerce, and other departments jointly held a symposium on financial support for the high-quality development of private-owned enterprises (POEs), Chinese media reported. Liao Lin, Chairman of ICBC (01398.HK) (601398.SH), stated at the symposium that the bank will provide high-quality services for the development of POEs, and it plans to offer no less than RMB6 trillion in investment and financing for POEs over the next three years to increase the supply of credit and medium to long-term funds. AAStocks Financial News |
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