三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

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

PBOC move to aid small businesses

By ZHANG YUE | China Daily | Updated: 2022-01-04 08:58
Share
Share - WeChat
A pedestrian walks past the headquarters of the People's Bank of China in Beijing. [Photo/China News Service]

The central bank's decision on Saturday to continue supporting Chinese smaller businesses under liquidity pressure will inject greater confidence into the latter and better anchor market expectations, experts said.

The People's Bank of China confirmed on Saturday it will continue its lending mechanism that helps encourage financial institutions to lend to small businesses under pressure due to the impact of COVID-19.

The announcement said that from the beginning of this year till the end of June 2023, the PBOC will provide funds on a quarterly basis to local banks that issue inclusive loans to small and micro businesses equivalent to 1 percent of the increase in their loan balance, to encourage them to extend more such loans.

From this year, inclusive credit loans to small and micro businesses will be incorporated in the relending program for agriculture and small firms. The 400 billion yuan ($62.93 billion) relending quota previously designated for inclusive credit loans for small and micro businesses can be rolled over, and expanded if needed. Qualified local banks making inclusive credit loans to small and micro businesses can apply to the PBOC for low-cost relending financial support.

The move followed a decision made by an executive meeting of the State Council, China's Cabinet, last December to replace the inclusive loan repayment extension support tool for small and micro enterprises with inclusive loans for them.

The tool was created in June 2020 to support the large number of struggling smaller businesses by allowing the central bank to use the relending quota to buy loans from qualified commercial banks. This increased commercial banks' capacity to lend to small and micro businesses.

The PBOC has been continuously providing support to China's smaller businesses that have been reeling under the impact of COVID-19 over the past two years. It has developed new monetary policy instruments that can directly stimulate the real economy.

Wen Bin, chief analyst at China Minsheng Bank, said this monetary instrument has been continued in a timely way, and will be of great help to support smaller and micro businesses.

He further said that over the past year, smaller businesses had endured tough times. Those in the manufacturing sector in particular have been absorbing the pain of the rising cost of commodities. So, a signal of continued liquidity support will better anchor their expectations this year.

"This will also help local banks, mainly medium-sized and small banks, to better focus on serving small and micro businesses and improve their capacity to do so," he said.

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
 
主站蜘蛛池模板: 最新国语露脸精品国产 | 国产视频在线观看福利 | 亚洲 欧美 国产 制服 动漫 | 手机免费看片网站 | 99精彩免费观看 | 久久久久激情免费观看 | 亚洲国产精品视频在线观看 | 被黑人操| 日本久久久久久久中文字幕 | 黄片毛片免费 | 超91视频 | 国产精品久久久久久福利 | 男女在线观看啪网站 | 免费看三级全黄 | 免费看欧美日韩一区二区三区 | 开心午夜婷婷色婷在线 | 久久久精彩视频 | 国产传媒在线观看 | 国产成人福利在线视老湿机 | 狠狠色丁香婷婷综合久久来 | 青青草国产精品久久久久 | 一级做α爱毛毛片 | 人与牲动交xxxxbbbb | 黄色免费的视频 | 国产69精品久久久久9999 | 亚洲精品一区二区三区四区手机版 | 日本免费乱人伦在线观看 | 日韩欧美在线综合网高清 | 国产秒拍福利视频露脸 | 浪潮ar二三区 | 亚洲视频在线观看免费 | 又黄又爽一线毛片免费观看 | 欧美曰韩一区二区三区 | 麻豆精品国产免费观看 | 一区二区国产在线观看 | 欧美在线视频网站 | 亚洲人交配视频 | 中国美女做爰视频高清 | 麻豆国产精品入口免费观看 | 国产成人99久久亚洲综合精品 | 免费看一级黄色录像 |