Trade Resources Industry Trends China's Central Bank to Continue Financial Support for Tibet

China's Central Bank to Continue Financial Support for Tibet

China's Central Bank to Continue Financial Support for Tibet

China's central bank has vowed to continue preferential financial policies to support Tibet for the next five years.

The People's Bank of China promised more direct financing and financial bonds to facilitate small and medium enterprises in the region.

Pan Gongsheng, deputy head of the central bank, also urged commercial banks to provide more credit resources for Tibet and encourage the establishment of private and village banks.

The Agricultural Bank of China has set up over 500 branches in Tibet and will continue to set up their financial services with access to highways, electricity and phone signals by the end of next year.

Source: http://english.cri.cn/12394/2015/12/24/3521s909914.htm
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