Program to facilitate SME financing
Updated: 2011-08-19 15:18
By Cai Xiao (chinadaily.com.cn)
|
|||||||||||
China's central bank said on Thursday that it will expand pilot programs of securitization of credit assets and offer more support to small- and middle-sized enterprises (SMEs), Shanghai Securities News said.
According to the paper, People's Bank of China said it will step up to develop securitization of credit assets, which will ease capital adequacy stress and transform loans into direct financing.
The central bank is also currently assessing implementation plans to support SMEs.
However, the paper added that the progress of securitization will not be quick and the strength of support to SMEs will be limited in the mean time, citing an official from the central bank.
Private lending to SMEs played an important role in the first half of this year, the official added.
Related Stories
Policies may be eased to ride out turmoil 2011-08-12 09:33
Tighter policies putting SMEs under pressure 2011-08-09 08:37
Tighter policies putting SMEs under pressure 2011-08-09 11:47
China's 1st credit asset trading regulations released 2010-09-22 09:02
- China pledges no economic hard-landing
- Incubating a biotech future for tomorrow
- New home front opens up in divorce
- China Mobile talking to Apple on iPhones
- Program to facilitate SMEs's financing
- Shuanghui H1 net profit plunges
- Experts urge China to trim US T-bond holdings
- Coke to invest $4b in China
