Current location:World Wave news portal > travel
China moves to make financing easier for small businesses
World Wave news portal2024-05-21 06:56:09【travel】7People 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.
Address of this article:http://ukraine.downmusic.org/content-69b899872.html
Very good!(491)
Related articles
- Baby Reindeer's real
- Polish activists criticize Tusk's government for tough border policies and migrant pushbacks
- Billionaire Arthur Irving, one of Canada's richest men, dies at age 93
- 20 of the best villas in Portugal (from £27 per person a night)
- Saudi Arabia is going to sponsor the WTA women's tennis rankings under a new partnership
- Violent protests continue in Pakistan
- College baseball notebook: Sooners' regular
- Melania Trump's brutal eight
- Hollywood star Shia LaBeouf is spotted on the streets of Gavin and Stacey's hometown Barry
- Murray swishes a half
Popular articles
Recommended
Cruise worker 'murders newborn son on board ship': Shocked co
Kylian Mbappé‘s relationship with PSG ending on a sour note after starting amid fanfare
BAFTA TV Awards 2024 winners: Full list of who picked up gongs on the night
College football portal classes: Ole Miss all in, Ohio State shops high end. Prime restocks again
Yvette Fielding says her Most Haunted co
Are US interest rates high enough to beat inflation? The Fed will take its time to find out
Palestinian band escapes horrors of war but members' futures remain uncertain
Hairdresser introduces chat
Links
- China's Judicial Authorities Strengthen Protection of Women, Children
- Pupils Enjoy Their Winter Vacation Across China
- China to Further Open up High
- Tibet Helps over 690,000 Farmers, Herders Find Jobs in 2021
- China Pledges to Further Support Employment of People Emerging from Poverty
- China to Further Strengthen Protection of Historical, Cultural Heritage
- 'Zero COVID
- Seminar Discusses Gender Equality in Context of Climate Change, Biodiversity Loss
- China Focus: China's Population Continues to Grow in 2021
- TCM Widely Applied in COVID