Your current location:HOME >travel >China moves to make financing easier for small businesses 正文
TIME:2024-05-08 09:18:31 Source: Internet compilationEdit:travel
Staff 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.
Rainfall allows Spain's Catalonia to ease water restrictions for 1st time during drought2024-05-08 09:04
Gisele Bundchen exudes sporty chic in an all2024-05-08 08:36
Charges revealed against former Trump chief of staff in Arizona fake elector case2024-05-08 07:55
North Carolina Republicans seek hundreds of millions of dollars more for school vouchers2024-05-08 07:37
Teacher Appreciation Week: Schools subsidize on2024-05-08 07:34
Stuart Fairchild's sensational catch robs Manny Machado of a 32024-05-08 07:34
Ethan Hawke and Maya Hawke on their Flannery O’Connor movie ‘Wildcat’2024-05-08 07:25
Deion Sanders, son respond to social media criticisms over how coach handled transfers at Colorado2024-05-08 06:53
PGA Championship invites 7 LIV players to get top 100 in the world2024-05-08 06:43
Biden administration weighing measures to help Palestinians bring family from region2024-05-08 06:43
Judge delays murder trial for Indiana man charged in 2017 slayings of 2 teenage girls2024-05-08 09:18
Colombia's president says country will break diplomatic relations with Israel over war in Gaza2024-05-08 09:17
CVS Health chops 2024 forecast as cost struggles with Medicare Advantage persist2024-05-08 09:13
Small earthquake shakes a wide area of Southern California. No initial reports of damage2024-05-08 08:54
New York governor regrets saying Black kids in the Bronx don't know what a computer is2024-05-08 07:59
WNBA ticket sales on StubHub are up 93%. Aces, Caitlin Clark and returning stars fuel rise2024-05-08 07:59
Kansas legislators expect Kelly to veto their latest tax cuts and call a special session2024-05-08 07:38
Fury road! Anya Taylor2024-05-08 07:22
Analysis: Brooks Koepka has a big game. He doesn't need a lot of words2024-05-08 07:18
Russia proposes UN resolution on banning weapons in space, after vetoing similar UN2024-05-08 07:11