·Chinese(gb) ·English ·ฉบับภาษาไทย ·Tiếng Việt
WAPWeb Accessibility RSS
Home About Liuzhou Government Liuzhou News Live in Liuzhou Travel in Liuzhou Invest in Liuzhou Interact
Current Location:  Home > Liuzhou News > China
China details measures to boost financial support for small companies
Date:2018-06-27  Source:Xinhua

China will cut re-lending interest rates for small and micro enterprises by 0.5 percentage point as part of a broader policy package to ease the financial strain on small firms, a central bank document said Monday.

The re-lending and rediscount quotas for small companies, as well as sectors concerning rural areas, will be increased by a total of 150 billion yuan (23.11 billion U.S. dollars), according to guidelines for increasing financial support for small and micro firms, released on the website of the People's Bank of China (PBOC).

Better mechanisms will be in place to support the issuance of financial bonds by small companies, while banking financial institutions will be encouraged to issue securities backed by small enterprise loans. These measures are expected to provide credit of more than 100 billion yuan, according to the guidelines.

Loans for small firms with a credit line of 5 million yuan or less will be included in the scope of collateral for the central bank's medium-term lending facility operation.

Small firms will be given more weight in the central bank's macro-prudential assessment framework, according to the guidelines.

   Print   To Top    Close  

Related Articles

China's iron and steel industry maintains steady growth
China, Indonesia sign currency swap deal
China's gold consumption continues to grow
China's courier sector steadies in first 3 quarters
China advances to global top 50 in business climate: World Bank
Chinese banks at forefront of cross-border payment innovation
China pledges more measures to attract foreign investment
China to advance mass entrepreneurship and innovation
Tencent's WeChat to launch cross-border payment service for Hong Kong users o...
China's consumption to maintain stable growth: commerce ministry
Home  │ About Liuzhou  │ Site Map  │ Service and Privacy │ FAQ │ Download Forms   │ Contact Us
Copyright (C) 2006 The People's Government of Liuzhou Municipality,All Rights Reserved
Sponsored by Liuzhou Informational Leading Group Office (The Bureau Of The Information Industry Of Liuzhou)
Prepared by Liuzhou Network Management Centre Address:No. 66, Sanzhong Road, Liuzhou, China
ICP Certificate No.05009280