BEIJING, Dec. 17 (Xinhua) -- China's Ministry of Commerce (MOC) and China Banking and Insurance Regulatory Commission (CBIRC) jointly issued a notice on December 10 to guide local counterparts to enhance their financial support for major foreign-funded enterprises, according to a circular posted on the website of MOC on Thursday.
This is an implementation of the guideline issued by the State Council on August 12. China has rolled out a series of measures in the guideline to protect foreign trade entities and keep supply chains stable against the economic fallout of the COVID-19 pandemic.
According to the notice, efforts should be made to strengthen the role of financial support in stabilizing foreign investment, further improve the accuracy and directness of financial support policies, and help major foreign-funded enterprises to cope with the impact of the pandemic and resolve their financing difficulties.
Moreover, local authorities are required to establish and improve working mechanism, strengthen cooperation, fully grasp the financing needs and operation situation of major foreign-funded enterprises, organize activities to facilitate bank-enterprise docking, in a bid to further improve the quality of financial services. (Edited by Zhang Yuan with Xinhua Silk Road, zhangyuan11@xinhua.org)
A single purchase
