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

Essaadi: Foreign Exchange Volatility to Persist in 2025

3 Mins read
The Managing Director/CEO of Nigerian Breweries Plc, Mr. Hans Essaadi, yesterday hinted that foreign exchange volatility is expected to continue in 2025,…
News

N. Korean tech workers faked IDs for overseas defense jobs

1 Mins read
N. Korean tech workers faked IDs for overseas defense jobs. April. 03, 2025 07:50. by 남혜정기자 [email protected]. North Korean cyberattacks involving the…
News

School curriculum resources to teach children about risks of in-game purchases

3 Mins read
The Oak National Academy – an arm’s length body to help schools deliver curriculum content – has launched a package of teaching…

Leave a Reply

Your email address will not be published.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

56 + = 60