The government of Shanghai injected.....>

CHINA PRESS: The government of Shanghai injected CNY30 billion to alleviate the

financing difficulty of private businesses, Shanghai Securities News reported on

Monday. Shanghai will set up a CNY10-billion fund to rescue private companies in

line with China's economic restructure and have good growth prospects, the

newspaper said. It will also urge banks to lend to small companies and provide

CNY10 billion of credit and guarantee loans to over 1000 firms. The scale of the

financing guarantee funds for small companies will be expanded to CNY10 billion

and gradually cover large and medium private companies, the newspaper said.

(Link to the story: https://bit.ly/2QjIxBw)