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China's Sichuan provides RMB585.1 bln financing supports for enterprises and businesses in H1

July 13, 2020


Abstract : As of the end of June, the financial institutions in China's Sichuan province have provided 585.1 billion yuan financing supports for 384,000 enterprises and businesses affected by the novel coronavirus epidemic in this year, reported by Sichuan News on Saturday.

BEIJING, July 13 (Xinhua) -- As of the end of June, the financial institutions in China's Sichuan province have provided 585.1 billion yuan financing supports for 384,000 enterprises and businesses affected by the novel coronavirus epidemic this year, reported by Sichuan News on Saturday.

The financing supports provided include loan renewal, extension, interest rate cuts, and liquidity, according to the Chengdu Branch of the People's Bank of China (PBOC).

Since the outbreak of the epidemic, the Chengdu Branch of PBOC has actively provided financial services for private small and micro enterprises and self-employed households, promoting financial supports to stabilize enterprises and ensure employment.

A financial support plan carried out by the Chengdu Branch of PBOC and the provincial market supervision and finance departments was launched this year, which has pushed 9,288 pieces of information on financing need of private entities to financial institutions, and 230 million yuan loans were lent by institutions.

To better match the financing need of local enterprises, the Chengdu Branch of PBOC also carried out actions including investigating financial demand, enhancing the coverage and quality of financing, integrating policy tools, and smoothing the transmission channels.

A database of basic information on market entities was also established by Chengdu Branch of PBOC and provincial market supervision and taxation departments, collecting financing needs of nearly 30,000 market entities in 13 sub-sectors.

So far, finantial institutios in the province has lent 20,000 batches of loans worth a total of 34.08 billion yuan to local enterprises.  (Edited by Gao Jingyan with Xinhua Silk Road, gaojingyan@xinhua.org)

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Keyword: Sichuan financing supports

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