Free Trial
PIPELINE

$16.75B Priced Tue-Thu

US TSYS

Eurodollar/SOFR/Tsy Option Roundup

STIR

Effective Fed Funds Rate

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Shanghai To Help SMEs Resume Work: Securities News

CHINA PRESS
MNI (Singapore)

Shanghai will focus on helping small and medium-sized enterprises to resume operations from the Covid-19 lockdown, the Shanghai Securities News reported. Many SMEs especially in catering, entertainment, maintenance, and logistics were hit hard by the epidemic, the newspaper said. The government will prioritise refunding taxes for SMEs, and it is estimated that enterprises in Shanghai will see relief totaling about CNY140 billion in 2022, the newspaper said. The government will also magnify financing guarantees for SMEs to help them renew their loans, the newspaper said.

85 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Shanghai will focus on helping small and medium-sized enterprises to resume operations from the Covid-19 lockdown, the Shanghai Securities News reported. Many SMEs especially in catering, entertainment, maintenance, and logistics were hit hard by the epidemic, the newspaper said. The government will prioritise refunding taxes for SMEs, and it is estimated that enterprises in Shanghai will see relief totaling about CNY140 billion in 2022, the newspaper said. The government will also magnify financing guarantees for SMEs to help them renew their loans, the newspaper said.