Caixin
Oct 23, 2018 05:17 AM
FINANCE

Central Bank Steps Up Financial Backing for Small Business

Central bank pledges more financial backing to small businesses and private sector. Photo: IC
Central bank pledges more financial backing to small businesses and private sector. Photo: IC

China’s central bank Monday unveiled measures to further increase financing availability to small enterprises in the government’s latest move to support the private sector.

The measures include adding 150 billion yuan ($21.6 billion) of relending and rediscount quotas targeting the financing needs of micro and small businesses. The new quotas come on top of another 150 billion yuan of similar quotas that were issued in June.

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