Member ID:
Stay logged in for 30 days
Forget Your Password?

login CCFGroup App

Economy | Time:May 30 2018 8:28AM
China to boost financial support for small, micro businesses
Text size
BEIJING - China will accelerate the formulation of measures to provide more financial support to small and micro businesses, central bank governor said Tuesday.

To ease the credit strain and high financing costs on small and micro enterprises, the People's Bank of China (PBOC) will work with other authorities to accelerate the formulation of relevant policies, PBOC governor Yi Gang said.

Yi said small and micro businesses have played a crucial role in promoting innovation and entrepreneurship as well as improving employment and people's livelihoods. Enhancing financial support for small and micro businesses represents the basic requirement for the financial sector to serve the real economy and prevent major risks.

The country will step up financial support for these companies, focusing on pushing forward supply-side structural reform and high-quality economic development, he said.

Source: Xinhua
Related Articles
China's trade surplus shrinks in first five months
China to 'fight back' on new tariff threat
Fresh tariffs show US politics trumping people's interests, say
China vows countermeasures against extra US tariff
China's fiscal revenue up 9.7% in May
Central bank holds interest rate steady to boost internal stability
Where's the data? Angst for commods traders as China trade figures
Citibank predicts slower GDP growth in 2nd quarter
Global GDP growth forecast at 3.2% in 2018 amid uncertainties:
Foreign trade shows momentum
Brief analysis of annual reports of some listed companies ...
Nylon and polyester markets in reverse trend

浙公网安备 33010902000742号