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China to Extend SME Lending Support to Yearend: State Council

CHINA PRESS
MNI (Sydney)

China's program allowing SMEs to defer loan repayments was scheduled to end after the first quarter but will be extended to the end of the year, the State Council said on late Wednesday. The PBOC will continue to offer banks preferential financial support at 40% of the principals on loans lent to SMEs, the statement said. China will also extend CNY80 billion cuts in taxes and fees for manufacturers, the government 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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