Zhongxin Finance, April 13. The executive meeting of the State Council held on April 13 decided to encourage large banks with high provisioning levels to reduce their provisioning ratios in an orderly manner, and use monetary policy tools such as RRR cuts in a timely manner to further improve the situation. Increase financial support for the real economy, especially industries severely affected by the epidemic, small, medium and micro enterprises, and individual industrial and commercial households, make reasonable profits to the real economy, and reduce comprehensive financing costs.
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