REUTERS/Jason Lee/File PhotoBEIJING, Aug 3 (Reuters) - China's central bank governor pledged on Thursday to guide more financial resources towards the private economy, suggesting refreshed urgency from Beijing to bolster the confidence among private firms as economic momentum weakens.
During a meeting on Thursday with at least eight private firms from sectors including property, aluminium and agribusiness, the People's Bank of China (PBOC) Governor Pan Gongsheng said the bank would roll out guidelines to support private firms.
Responding to some firms' requests of broadening bond financing channels, Pan said the central bank would expand debt financing tools for them.
"Financial institutions should actively create a positive atmosphere to support the development and growth of private firms ... and increase willingness to lend."
To revive confidence among private businesses, head of the economic planner also held several meetings with private firms last month to learn about their operation difficulties.
Persons:
Pan, Jason Lee, Pan Gongsheng, Ellen Zhang, Ryan Woo, Ella Cao, Jon Boyle, Alison Williams
Organizations:
People's Bank of China, Congress, REUTERS, HK, China Hongqiao, Chint, Thomson
Locations:
Beijing China, BEIJING, Beijing, China, Hope