February 19, 2025 09:38 GMT
MNI BRIEF: China To Ensure Credit Supply For Private Companies
MNI (BEIJING) - China’s top financial watchdog said Wednesday it will work to maintain a stable and effective credit supply to private enterprises, including private real estate developers, according to a statement on the National Financial Regulatory Administration website.
The regulator said it will increase support for small and medium-sized enterprises’ first-time borrowing and loan renewals, as well as bridging banks and enterprises for key private investment projects.
It is necessary to meet the reasonable financing needs of housing developers including private ones, NFRA added. (See MNI: China Tier-one Housing Markets Likely To Stabilise)
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