A small start-up base. (Photo/China News Service)
(ECNS) - China will increase credit support to private companies including small and micro-enterprises, said Wang Zhaoxing, vice chairman of China Banking and Insurance Regulatory Commission.
At a press conference on Tuesday, Wang said difficulties in raising funds faced by private enterprises came from both loan supply and restructuring among companies.
China plans four measures to boost support for developing private companies including policy incentives for banks and financial institutes.
Among new loans, the proportion of credit granted to private companies and small and micro-enterprises will be continuously increased, said Wang.
