PBOC's New Lending Facility Echoes Earlier Programs by ECB, BOJ.

China's central bank reached into the toolkit of its peers around the world, announcing a new facility to encourage bank lending to companies that looks very similar to what others have done. It's "TLTROs with Chinese characteristics", wrote Krishna Guha, the head of central bank strategy at Evercore ISI, referring to the European Central Bank's Targeted Longer-Term Refinancing Operations. [Extracted from the article]