Global EditionASIA 中文雙語Fran?ais
    Business
    Home / Business / Finance

    Financial moves to aid smaller businesses

    By Zhang Yue | China Daily | Updated: 2020-04-22 07:38
    Share
    Share - WeChat
    A clerk counts cash at a bank in Natong, South China's Jiangsu province. [Photo/Sipa]

    Key meeting decides to make changes meant to release liquidity, boost access

    In order to encourage financial institutions to better serve micro and small businesses, China will work to lower the provision coverage ratio of small and medium-sized banks, the State Council's executive meeting chaired by Premier Li Keqiang decided on Tuesday.

    The ratio is a percentage of money that needs to be set aside by the banks to cover possible losses from bad loans. Reduction of the ratio is expected to free up more funding for smaller businesses.

    "We must scale up financial support for the real economy, the micro, small and medium-sized businesses in particular, to help them overcome the difficulties," Li said.

    It was decided at the Tuesday meeting that the regulatory requirement for the provision coverage ratio for small and medium-sized banks will be revised down by 20 percentage points to free up more credit resources and boost the capacity to serve micro and small companies.

    In another move to promote more lending to micro and small firms, the meeting decided to raise requirements for more inclusive finance-financial services to firms that otherwise might find it difficult to access such services. It would do that by raising the weight of inclusive finance to no less than 10 percent in the integrated performance evaluation of the branches and subsidiaries of financial institutions in the banking sector.

    "Financial departments should adjust and adapt support policies in light of the changing COVID-19 situation and economic conditions. Policies introduced must be targeted and robust," Li said.

    Since the start of this year, People's Bank of China, China's central bank, has cut the amount of cash that banks must set aside as reserves three times this year, releasing 1.75 trillion yuan ($247.4 billion) in liquidity.

    The meeting also decided on a three-month rent exemption in the first half of this year for firms in the services sector renting State-owned properties to ease the burden on micro, small and self-employed businesses.

    The meeting urged State-owned enterprises, especially those directly under the central management, and public institutions such as colleges, universities and research institutes, to take the lead in offering such rent relief.

    Lessors who offer such rent cuts will enjoy relief on their real-estate tax and urban land use tax this year, and state-owned banks will be encouraged to extend pledge loan at concessional rates to such lessors according to their needs. Non-State property owners also are eligible for the policy incentives.

    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    CLOSE
     
    亚洲精品人成无码中文毛片 | 亚洲综合日韩中文字幕v在线| 中文字幕久久精品无码| 亚洲中文字幕无码一区二区三区| 国产精品无码一区二区三级 | 亚洲AV中文无码乱人伦在线观看 | 亚洲国产中文v高清在线观看| 亚洲AV永久无码一区二区三区| 无码人妻久久久一区二区三区| 精品中文高清欧美| 欧美激情中文字幕| 天堂在线资源中文在线8| av无码久久久久不卡免费网站| 午夜无码伦费影视在线观看| 精品人妻系列无码一区二区三区| 最好看的中文字幕最经典的中文字幕视频 | 亚洲av无码专区国产乱码在线观看| 最近中文国语字幕在线播放视频| 久久精品aⅴ无码中文字字幕不卡| 免费a级毛片无码免费视频| 人妻丰满熟妇AV无码区乱| 亚洲AV无码不卡在线播放| 精品多人p群无码| 久久久久久精品无码人妻| 日韩人妻无码一区二区三区综合部| 天堂网www中文在线资源| 性无码专区一色吊丝中文字幕| 中文字幕精品视频| 最近中文字幕2019视频1| 中文在线最新版天堂8| (愛妃視頻)国产无码中文字幕| 在线中文字幕一区| 亚洲成A人片在线观看中文| 亚洲精品一级无码中文字幕 | 久久中文精品无码中文字幕| 日本一区二区三区精品中文字幕| 久久久噜噜噜久久中文福利| 日韩国产中文字幕| 一本一道色欲综合网中文字幕| 免费a级毛片无码a∨免费软件 | 亚洲成AV人片天堂网无码|