Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Company

China Development Bank steps up financing support for small firms

September 04, 2019


Abstract : China Development Bank (CDB), a development financial institution, has worked with smaller financial institutions to boost loan support to small businesses and the agriculture sector as the government aims to guide more funds to those areas.

BEIJING, Sept. 4 (Xinhua) -- China Development Bank (CDB), a development financial institution, has worked with smaller financial institutions to boost loan support to small businesses and the agriculture sector as the government aims to guide more funds to those areas.

In the first eight months, the CDB promised to transfer 73 billion yuan (10.3 billion U.S. dollars) of loans to small and micro firms as well as the agriculture sector, according to a report by Shanghai Securities News.

In August alone, the bank issued 21.1 billion yuan in loans, benefiting some 21,000 small and micro-sized companies.

China has been stepping up efforts to improve financing efficiency for the real economy, with targeted measures to expand financing channels and reduce financing costs for small and micro firms.

Data from the China Banking and Insurance Regulatory Commission showed inclusive loans to small and micro firms rose 26.5 percent year on year in the first seven months of 2019, while their overall financing costs dropped by more than one percentage point.

Scan the QR code and push it to your mobile phone

Keyword: financing CDB

Reading:

China's interbank bond mkt hails first 2 foreign-funded banks as class-A lead underwriters

China's manufacturing activity index dips, industrial upgrade continues apace

China Focus: Private enterprises help bolster China's high-quality growth

China's local gov't bond issuance falls in July

Online Silk Road Conference to be held in Ningxia

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial