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More inclusive financing pledged for China's small businesses

2020-1-12 15:19

 

BEIJING, Jan. 11 (Xinhua) -- China's top banking and insurance regulator vowed to ensure greater support in terms of inclusive financing services for the country's small businesses amid efforts to boost the real economy.

In 2020, greater efforts will be made to ensure lower financing costs and continued fast loan growth to small and micro firms, according to decisions adopted at an annual work conference of the China Banking and Insurance Regulatory Commission.

Overall financing costs of inclusive financing services for small businesses will be lowered by another 0.5 percentage points this year, while the country's five largest banks are expected to see their inclusive loans to small firms grow by over 20 percent year on year.

By the end of 2019, total outstanding inclusive lending to small businesses reached 11.6 trillion yuan (about 1.67 trillion U.S. dollars), up over 25 percent, the commission said.

The regulator also pledged to step up financial services for private businesses especially those in the manufacturing sector, with a focus on supporting those advanced firms and industrial clusters.

 

北京,1月11日(新华)——中国最高银行和保险监管机构承诺,在促进实体经济的努力中,要确保在小微企业的普惠金融服务方面得到更大的支持。


请看《中国日报》的报道:据中国银行保险监督管理委员会年度工作会议决定,到2020年,我们将更加努力以确保更低的融资成本和对小微企业持续快速的贷款增长。


今年小企业普惠金融服务的整体融资成本将再降低0.5个百分点,而中国五大银行对小企业的普惠贷款预计将同比增长20%以上。


该委员会表示,截至2019年底,小企业普惠贷款余额达到11.6万亿元(约合1.67万亿美元),增长超过25%。


该监管机构还承诺,将加大对私营企业(尤其是制造业企业)的金融服务力度,重点支持那些先进企业和产业集群。

来自: xinhua