The meeting urged efforts to smooth the transmission mechanism and overhaul fees in the financing process. Banks will be supported in increasing medium- and long-term loans to the manufacturing industry, and developing credit loans and services that facilitate the roll-over of outstanding loans.
The credit quota for small and micro businesses with loans that are eligible for preferred risk weight formula will be raised from 5 million yuan (about 713,000 U.S. dollars) to 10 million yuan.
The average rate of government financing guarantee and re-guarantee institutions will be brought down to less than 1 percent.
"More research is needed to make breakthroughs," Li said. "When addressing financial risks of small and medium-sized banks, local governments must take their primary responsibilities. At the same time, such efforts must not block the lending channels for small and micro businesses."
【国内英语资讯:China to further lower financing costs for small, micro businesses】相关文章:
最新
2020-09-15
2020-09-15
2020-09-15
2020-09-15
2020-09-15
2020-09-15