News

China’s Financial Regulators Pledge Support for Private Companies

1 Mins read

China’s top financial regulators, led by the central bank, have reaffirmed their commitment to supporting the financial needs of private companies. They have urged banks to increase lending to the private sector, signalling Beijing’s determination to reignite entrepreneurial spirit amidst challenging economic conditions.

Policy documents are currently being formulated, with a focus on encouraging China’s financial institutions to set annual targets for serving private firms and expand loans to first-time borrowers. Additionally, private companies, including platform businesses, will be given incentives to list overseas.

The meeting that took place included representatives from the central bank, top foreign exchange and securities regulators, as well as the newly-established National Administration of Financial Regulation. State media reported that attendees also included representatives from the Shanghai and Shenzhen stock exchanges, major state lenders, and private companies.

In recent months, Beijing has introduced a series of measures aimed at boosting the struggling private sector. However, economists argue that more significant stimulus plans are needed to address the mounting economic pressures. Investment by private companies in China declined by 0.5% in the first seven months of this year, further widening the decline observed in the January-June period.

Related posts
News

IMF commends Sri Lanka's new govt for reform continuation

1 Mins read
COLOMBO, Apr 25: The International Monetary Fund (IMF) on Friday commended the Sri Lankan government, led by President Anura Kumara Dissanayake, for…
News

U.S. Federal Reserve revokes crypto guidance for banks

1 Mins read
25th April 2025 – (Washington) The U.S. Federal Reserve announced on 24th April that it will withdraw previous guidance requiring state member…
News

Largo Reports Q1 2025 Production and Sales Results; Provides Update on Operational Turnaround Plans By Investing.com

7 Mins read
All dollar amounts expressed are in thousands of U.S. dollars unless otherwise indicated.Trending NowBest Forex Trading Robots To Invest In 2022 Q1…

Leave a Reply

Your email address will not be published. Required fields are marked *

44 − 36 =