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The State Council has issued guidance...>

CHINA PRESS
MNI (London)
CHINA PRESS: The State Council has issued guidance to increase rediscounting
support for small and micro-sized enterprises (SMEs), helping them to discount
small bills valued no more than CNY5 million. Medium and small sized banks,
including new internet banks, will be included in the refinancing program aimed
at expanding lending to SMEs. Additionally, a loan to a small company of no more
than CNY10 million will be recognized as qualifying collateral for the
medium-term lending facility.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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