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China moves to make financing easier for small businesses
China has stepped up efforts to tackle the financing difficulties of small businesses, accelerating the pace at which it is building credit services platforms.
April11,2024
【Financial Str. Release】CFETS exempts small businesses from paying forex derivative trading fees on interbank forex market
China Foreign Exchange Trade System (CFETS) released on Wednesday a circular on exempting micro-, small- and medium-sized enterprises from paying foreign exchange (forex) derivative trading commissions on the interbank forex market, reported Xinhua Finance.
April28,2022
Relief policies offer hope to cash-strained small businesses
China's cabinet urged a raft of new relief policies earlier this week, which has offered a glimpse of hope for smaller businesses to grapple with cash crisis, experts said.
February21,2022
【Financial Str. Release】China's central bank emphasizes support for small businesses
China's central bank has called upon banking financial institutions to enhance their capabilities of providing financial services to micro, small, and medium-sized enterprises to better support the country's real economy.
July06,2021
China moves to cut costs for enterprises
Chinese authorities have issued a circular to further cut costs for enterprises to help them tide over the COVID-19 pandemic. The average costs of broadband for enterprises will fall by 15 percent this year, said the circular jointly issued by four government departments.
August03,2020
German coronavirus subsidy programme for small businesses launched
A subsidy programme worth 25 billion euros (28 billion dollars) aimed at helping small and medium enterprises (SMEs) in Germany survive the crisis caused by the novel coronavirus pandemic was launched in Berlin recently.
July10,2020
Small businesses report revenue rebound after COVID-19 shock: Alipay report
Small businesses in China recovering from the COVID-19 impact have seen revenue growth as the epidemic wanes.
June04,2020
ICBC boosts loans to small businesses in Jan.-May
The Industrial and Commercial Bank of China (ICBC), China's biggest commercial lender, provided 443.8 billion yuan (about 62.44 billion U.S. dollars) in inclusive finance loans to small businesses in the first five months this year.
June04,2020
China to further boost financing for small businesses
China will take further steps to expand the scale and improve the structure of financing for micro, small and medium-sized firms, according to an official guideline released Monday.
June02,2020
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