Cabinet Vows Support to SMEs Traded on Beijing Bourse

What’s new: China’s State Council, the cabinet, on Thursday signed off on a policy document calling for financial institutions to step up support for small and medium-sized enterprises (SMEs) traded on the Beijing Stock Exchange.

The initiative is part of a broader plan to revitalize financial service development in the capital city.

The State Council said it will encourage commercial banks and other financial institutions to develop credit, guarantee and supply chain financing products to specifically serve innovative SMEs, while allowing institutions to moderately relax guarantee requirements for loan financing of firms listed on the Beijing Stock Exchange.