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China's central bank's lending quota grows by 300 bln yuan to support small businesses
The People's Bank of China (PBOC) raised the quota of special central bank lending by 300 billion yuan (46.44 billion U.S. dollars) to provide stronger support for micro, small and medium-sized enterprises (MSMEs) facing difficulties.
September13,2021
China to intensify support for smaller businesses and enhance cross-cyclical adjustment
China will step up relief and assistance to market entities, especially micro, small, and medium-sized enterprises, and strengthen policy reserves, to ensure cross-cyclical adjustments, the State Council's executive meeting chaired by Premier Li Keqiang decided on Wednesday.
September02,2021
Economic Watch: China's targeted policy tools help cash-strained small businesses
While the COVID-19 epidemic is taking a toll on the real economy, China's financial authority has managed to bail small businesses out and help them fare better with targeted policy instruments.
August27,2020
China central SOEs to cut rents for small businesses
China's central state-owned enterprises (SOEs) have been asked to reduce or waive rents for small businesses in a bid to cut the latter's operating costs and bolster the slowing economy, according to the country's top state-owned asset regulator.
June08,2020
Across China: Small businesses look to livestreaming to ring up big sales
The number of users of a burgeoning business model that integrates e-commerce with livestreaming had hit 265 million by March, making up 29.3 percent of the country's total number of internet users, according to a report released by the China Internet Network Information Center.
May08,2020
Industrial Bank issues special financial bonds for small business loans
The Industrial Bank issued 30 billion yuan (about 4.23 billion U.S. dollars) in special financial bonds for small business loans on Wednesday, aiming to help these firms resume work and production.
May07,2020
Small businesses get financial support from Agricultural Bank of China amid epidemic
The Agricultural Bank of China (ABC), one of China's biggest commercial lenders, had provided more than 1 trillion yuan (about 140.8 billion U.S. dollars) of inclusive loans for small businesses by the end of February, sources with the bank said.
March30,2020
Agricultural Bank of China ups credit support for small businesses
The Agricultural Bank of China (ABC), one of China's biggest commercial lenders, has stepped up credit support to help small and micro enterprises as well as farming companies tide over difficulties, a deputy head said Sunday.
March16,2020
China's private, smaller enterprises report faster industrial output growth
China's private and smaller industrial companies posted faster-than-average growth in industrial output during the first three quarters, an offical said Tuesday.
October22,2019
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