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China To Increase Financial Support For Tech SMEs

CHINA PRESS
MNI (Singapore)

The State Council will encourage financial institutions to support the development of small and medium-sized enterprises listed on the Beijing Stock Exchange and the New Third Board, according to a document on gov.cn. It will support commercial banks to customise financial products and services for innovative SMEs, develop credit, guarantees and supply-chain finance that fit into their R&D, technology introduction, mergers and acquisitions, and moderately relax loan requirements for listed SMEs.

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