State-Backed Fund Debuts to Support Small-Firm Loans

China’s government has long prioritized efforts to direct more credit to underserved sectors of the economy such as small businesses. Photo: VCG

A multibillion-dollar credit guarantee fund backed by China’s Finance Ministry and state lenders was initiated as part of the country’s push to expand financing availability for small businesses.

The National Financing Guarantee Fund Co. Ltd., with an initial registered capital of 66.1 billion yuan ($9.7 billion), completed business registration in Beijing, Caixin learned.

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