Free Trial

China To Give SMEs More Credit Support: State Council

CHINA PRESS

China will extend policies offering loan payment deferrals to small private businesses into Q1 next year and continue credit support, the State Council said in a statement following an executive meeting. Banks and SME borrowers should negotiate to extend payments beyond Q1, the statement said. Qualified local banks lending to SMEs will continue to receive government funding of up to 40% of the loan principal, the government said.

MNI Singapore Bureau | +65 9 632 1991 | sumathi.vaidyanathan.ext@marketnews.com
MNI Singapore Bureau | +65 9 632 1991 | sumathi.vaidyanathan.ext@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.