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Boost Financial Support For Innovation - Deputy Governor

CHINA PRESS
MNI (BEIJING)

Policymakers will promote greater lending to science and innovation enterprises, according to Zhang Qingsong, deputy governor at the People’s Bank of China. Speaking at a State Council policy briefing, Zhang said the PBOC will encourage science and innovation firms to make use of international capital markets and ensure the high risk sector can obtain finance guarantees and insurance products which firms typically find difficult to access. Authorities will guide finance institutions to provide more credit for M&A activities and refinancing. (Source: Yicai)

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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