日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

China central bank lowers re-lending rate for small enterprises

Xinhua | Updated: 2018-06-25 20:35
Share
Share - WeChat
A clerk counts cash at a bank in Huaibei, Anhui province. [Photo provided to China Daily]

BEIJING - 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), 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.

From September this year until the end of 2020, interest income for credit up to 5 million yuan, compared with previous 1 million yuan, for qualified small firms as well as individual businesses will be exempt from value-added tax.

China will also support the development of venture capital and angel investments to provide more financing channels for small firms, according to the guidelines.

The measures followed a central bank statement Sunday, which said it would cut some banks' reserve requirement ratios by 50 basis points on July 5, to support qualified debt-to-equity swap programs and help small business financing.

While China's small and micro businesses play an increasingly important role in the economy, they often find it difficult to access funds at a favorable rate compared with large state-owned enterprises.

Central Bank governor Yi Gang said at a recent forum that small and micro companies contribute to more than 60 percent of China's GDP, 80 percent of jobs and 50 percent of the country's tax revenue.

According to Dong Ximiao, senior researcher at Renmin University's Chongyang Institute for Financial Studies, said while more credit support should be given to small companies, authorities should also phase out financial support for "zombie companies" so that resources can be better allocated.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 国产肝交视频在线观看 | 免费在线成人 | 一本色道久久88综合亚洲精品高清 | 日韩中文在线视频 | 一区二区在线看 | 日韩美女一区二区三区 | 婷婷六月天 | 国产女人一区二区 | 国产精品久久久久久一级毛片 | 久久99国产精品免费网站 | 久久综合九色综合网站 | 九月激情网 | 中文字幕视频在线观看 | 成人黄色一级视频 | av老司机久久 | 在线观看特色大片免费网站 | 日韩视频久久 | 国产精品2区 | 福利在线播放 | 国产精品久久久久久久一区探花 | 国产精品片一区二区三区 | 在线一区观看 | 日韩欧美国产精品 | 老司机精品视频个人在观看 | 欧美二区三区 | 欧美性野久久久久久久久 | 91高清免费观看 | 四虎影院新地址 | 日本一区二区三区四区在线观看 | 三上悠亚2022最新番号 | 中文字幕 国产精品 | 亚洲午夜日韩高清一区 | 国产小视频在线 | 五月网站| 国产精品极品美女自在线看免费一区二区 | 久久精品一区二区三区不卡牛牛 | 日韩a无v码在线播放免费 | 欧美日韩国产成人在线 | 怦然心动50免费完整版 | 91久久国产露脸精品免费 | 草草线在成人免费视频 |