Current location:sport >>
China moves to make financing easier for small businesses
sport34493People have gathered around
IntroductionStaff members work at a chestnut processing workshop in Zunhua, north China's Hebei Province, Ma ...
Staff members work at a chestnut processing workshop in Zunhua, north China's Hebei Province, March 14, 2024. [Photo/Xinhua]
China has stepped up efforts to tackle the financing difficulties of small businesses, accelerating the pace at which it is building credit services platforms.
Li Chunlin, deputy director of the National Development and Reform Commission, on Wednesday told a press conference that the country has established an integrated financing credit services system that provides financial institutions with business information that is registered on any local or national platform.
The system has helped meet the financing demand of money-starved micro, small and medium-sized enterprises, which generally face difficulties securing bank loans due to their lack of collateral and credit data.
At the end of February, Chinese banks had issued 25.1 trillion yuan (3.54 trillion U.S. dollars) in loans through the financing credit services system, including 5.9 trillion yuan in credit loans.
Recently, the State Council issued a plan to strengthen the construction of financing credit services platforms. Per the plan, work will be done to improve China's credit information collection and sharing mechanism, optimize the national integrated network, integrate local platforms with repetitive functions or inefficient operations into that network, and ensure favorable financial policies reach more small firms.
Ren Yongmei, an official of the People's Bank of China, said that the central bank will improve its financial credit database and make better use of credit data to raise financing convenience for micro, small and medium-sized enterprises.
By March, outstanding inclusive loans issued to micro and small enterprises in China totaled 31.4 trillion yuan, up 21.1 percent year on year and with a growth rate 12 percentage points higher than that of all loans.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Stellar Site news portal”。http://turkey.downmusic.org/html-25a599960.html
Related articles
PGA Tour goes to Quail Hollow ahead of PGA Championship. Nelly Korda goes for 6 in a row
sportPGA TOURWELLS FARGO CHAMPIONSHIPSite: Charlotte, North Carolina.Course: Quail Hollow Club. Yardage: ...
【sport】
Read moreExpanding common ground underpins regional stability
sportIt is seven years since Chinese Foreign Minister Wang Yi's last visit to New Zealand in 2017. A lot ...
【sport】
Read moreWang calls for greater solidarity
sportChina's top political adviser, Wang Huning, called on Sunday for greater unity and extensive collabo ...
【sport】
Read more
Popular articles
- Living literally on the edge! Drone footage shows 18th century three
- Wang warns against stirring trouble in the Korean Peninsula
- China urges S Korea to refrain from hyping up S China Sea issue
- FM trip to aid stability in Asia
- Boy Scouts of America changing name to more inclusive Scouting America after years of woes
- FM: China supports int'l peace conference on Ukraine crisis
Latest articles
Recreational marijuana backers try to overcome rocky history in South Dakota
Palestinians seek unity with appointment of new PM
SOEs crucial to China's economic growth
Top adviser reaffirms opposition to 'Taiwan independence'
Zendaya goes braless in plunging dress for THIRD Met Gala outfit as she speaks onstage with co
NY tightens security in subways as crimes rise
LINKS
- Married at First Sight's love guru reveals the biggest faux pas people make on a first date
- Purrfect place to hide! Brain teaser challenges you to spot the cat among all the ice cream cones
- Rihanna puts on a VERY busty display in a sexy sand
- The Giants got a big
- Sheffield United becomes first team relegated from EPL after heavy loss at Newcastle
- Montreal’s Ann
- Assailants ambush and kill 3 police officers in southern Chile, shaking the country
- Mexican journalist is slain south of Mexico City, spurring outrage among colleagues
- Haliburton breaks tie with 3
- Steven Stamkos scores twice, Lightning avoid elimination with 6