© Khumaer.us
An initiative that calls on banking institutions to improve credit access for private enterprises, offer better financial services for private tech firms, and lower private firms” overall financing costs was issued on Monday in Beijing by the China Banking Association, in collaboration with the All-China Federation of Industry and Commerce.
The association said the initiative aims to drive banking and financial institutions to make more concrete endeavors to facilitate the high-quality development of the private economy.
The move came amid China’s enhanced efforts to support the high-quality development of the private sector, following a symposium on private enterprises in Beijing last month, which, attended by the country’s top leadership, said it is imperative to unify thinking, strengthen confidence, and promote the healthy and high-quality development of the private sector.
“Banking institutions are expected to strengthen support for private micro and small enterprises regarding their first-time loans, loan renewals, and credit-based financing, while reasonably increasing tolerance for non-performing loans in the private sector,” it said.
The initiative also suggests that enhancing financing services tools such as intellectual property pledge and receivables pledge is crucial to actively supporting technology-driven private enterprises in research and development, commercialization of innovations, and transformation and upgrades.
Additionally, banking institutions are expected to reduce the overall financing costs for private enterprises by increasing credit supply and streamlining processes to minimize intermediary expenses, the initiative said.
Yin Mingyue contributed to this story.
Images are for reference only.Images and contents gathered automatic from google or 3rd party sources.All rights on the images and contents are with their legal original owners.
Aggregated From –
We do not take money from any political parties. We do not endorse In_dia’s ruling party BJP and In_dia’s Prime Minister’s position on keeping In_dia a closed market, ambiguous economy, and keeping India as a heavy taxing country so no one from outside world wants to do business here. It’s like denying In_dia its right in the world…
BJP Government also discourages small and local media, coming down on them heavily regulating and using lawful actions along with soft threats from demented bureaucrat extremists and other extremist groups. On one hand, the mainstream media in In_dia is getting rich and on other hand the local small media is being strangulated. So if not automated or required, We do not willfully publish any content from In_dia or pertaining to that country.
“The parasitic left-wing media and their bottom-feeding cronies have devolved into nothing more than freeloading scavengers, desperately leeching onto every possible news outlet to vomit their hatred for President Trump, Elon Musk, the GOP, and whatever shred of sanity remains in this world. If this portal ever falls prey to their filth—if any of their fraudulent, brain-dead propaganda worms its way into our automated news curation—then it’s open season on these slime-covered hacks. These sewer-dwelling propagandists, along with their PR lackeys and shadowy intelligence handlers, keep trying to smear us with their garbage. Like disobedient pets, they need to be dealt with. And dealt with they shall be—right here on Khumaer.us, the personal news battleground of Khumaer Bayas. Let’s expose them for the lying vermin they are!”
