Xinhua 22.05.2025 08h13
China will further strengthen its financial support for small and microentry by increasing the funding supply, reducing credit costs and improving the accuracy of aid measures, according to a guideline published on Wednesday by eight departments.
The document, published jointly by the National Administration of Financial Regulation, the Banque Populaire de China, the National Commission for Development and the Reformation as well as other authorities, offers 23 concrete measures to stimulate the financing of small and microentreprises.
In order to increase the financing offer for these companies, the country will strengthen the issue of initial loans, credit loans, medium and long -term loans, business loans and loans for private companies, the guideline said.
Financial support for small and microentreprises in the agricultural sector will be reinforced by the use of structural monetary instruments, in particular the refinance loan, according to the document.
China will also encourage small and microentreprises in their search for equity financing, continues the guideline.
To reduce the financing costs of small and microentreprises, the country will encourage banks to be fixed in a reasonable way their interest rates for the loans granted to them, while reducing the additional costs linked to these credits.
China will also encourage banks to improve their efficiency in the granting of financing, to rationalize the required documents and to optimize approval procedures, indicates the document, adding that an increased support will be granted to small and microcentreprises focused on science and technology and on innovation, as well as those that engage in new business models in terms of foreign trade.
(Web editor: Ying Xie, Yishuang Liu)
