Caixin
Caixin Global – Latest China News & Headlines

Home >

TRENDING
Founder and CEO in ‘Divorce’ With Dating App Momo
Tencent Bets Big on Chinese E-Sport Firm, Leading $100 Million Funding Round
Caixin Investigation Uncovers Shady Business In Myanmar
LATEST
Xiaomi Leads India’s Smartphone Market with 26.1% Share
Trending in China: Are China’s Blue-Collar Wages Really Higher Than Graduate Salaries?
Trending in China: An End to Spam Calls? Real Estate Company to Give Money to Anyone Who Receives One
Trending in China: Patriotic War Film Overpowers Foreign-Made Feature, But Not Everyone Is Impressed
Shopify Partners with TikTok to Drive Online Sales
Lawson Tests Next Step of Convenience Store Evolution in China
PUBG Creator Krafton Hires Bankers for Possible Record IPO
Mobile Browser Crackdown Ensnares Big Names
Chinese Biotech Startup Genecast Bags $149 Million in Series E Funding Round
Founder and CEO in ‘Divorce’ With Dating App Momo
Chinese Medical Rehabilitation Robot Maker Fourier Closes $15 Million Funding Round
Caixin Investigation Uncovers Shady Business In Myanmar
Tencent Bets Big on Chinese E-Sport Firm, Leading $100 Million Funding Round
Chinese Companies Line Up to Take Advantage of Huawei’s U.S. Troubles
Trending in China: Social Media Applauds Jack Ma’s Detailed Critique of China’s Financial Sector
Trending in China: Female Student Fights ‘Period-Shaming’ – Social Media Discusses the Pros and Cons
Chinese Auto Tech Startup Closes $194 Million Series A Funding Round Led by Baidu
iQiyi to Create Genre-Specific Content to Meet Different Audience Demands
Gaw Capital Inks JV With Manbang Group to Develop Smart Logistics Properties in China
Tesla Recalls Nearly 50,000 U.S.-Made Cars in China over Suspension Problems

By Han Wei / Jan 03, 2019 03:41 AM / Finance

Photo:VCG

Photo:VCG

In yet another move to steer loans to the cash-starved private sector, China’s central bank doubled its criteria for credit lines that qualify lenders for small-business loan incentives.

Under the new policy, companies with bank credit lines of less than 10 million yuan ($1.5 million) now are seen as small and micro enterprises, the People’s Bank of China said Wednesday in a statement. Previously, small-business lending benefits were linked to credit lines of less than 5 million yuan.

China’s policymakers are making concerted efforts to bolster the private sector in the face of slowing economic growth. Since last year, the central bank has taken a series of steps to expand credit supply to private companies, including targeted reserve requirement cuts and bond tools.

Under current rules, banks that lend as much as 1.5% of their credit portfolios to small companies can qualify for a 0.5 percentage-point reduction in their reserve-requirement ratio. Those that lend more can qualify for an even lower requirement.

Related:In Depth: China’s Unprecedented Private Sector Rescue

Share this article
Open WeChat and scan the QR code