Qualified members of interbank market get access to PBOC loans

Shanghai

QUALIFIED members of China's interbank market will be eligible to apply for central bank lending facilities starting on Monday, the market operator, a unit of the People's Bank of China, announced on its website.

Standing lending facilities (SLF) will now be available by application to all qualified members of the interbank market. SLF loans, first used by the People's Bank of China in 2013, are collateralised credit facilities with a maximum term of three months.