Caixin
Aug 09, 2018 05:44 AM
FINANCE

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
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.

ladingImg
You've accessed an article available only to subscribers
Try 4 weeks for $0.99
SUBSCRIBE
Share this article
Open WeChat and scan the QR code
Copyright © 2017 Caixin Global Limited. All Rights Reserved.