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China Allows More SMEs to Delay Loan Payments: Herald

CHINA PRESS
MNI (Sydney)

Chinese banking regulators are relaxing lending standards for private and small companies, allowing more SMEs effected by the epidemic to delay repayments, the 21st Century Business Herald reported citing two unnamed sources from state-owned banks. Banks are required to increase credit loans and extensions for SMEs, including those which may carry higher risks, the newspaper said. SMEs with questionable loans can apply for deferred repayment if they hold effective guarantees and commit to retaining workers, the newspaper said.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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