Home User Management Site Map Chinese

lawinfochina.com > Legal News >Text
News under Same Subject
  Last 3 days
  Last 14 days
  Last 90 days
    
 
 China's finance ministry boosts inclusive finance with new policies
Category:Legislative Updates  
Subject:People and society   ; Finance   ; Fiscal policy and taxation  
Source:Xinhua
Publish Date:09-15-2023
 
BEIJING, Sept. 13 -- China's Ministry of Finance has rolled out policies to boost inclusive finance in the next five years. These policies will take effect on Oct. 1.
The central government will arrange funds for inclusive finance to support discounts in start-up loan interest rates, construction of demonstration-zone for inclusive finance, and subsidies for rural financial institutions.
Eligible start-ups can apply for a discount of 50 percent of the actual loan interest rate or other subsidies amid the country's efforts to create jobs, according to the policies.
China has been facilitating financing for small businesses. The outstanding inclusive finance lending to small and micro-sized companies reached 27.7 trillion yuan (3.85 trillion U.S. dollars) at the end of June, up 26.1 percent year on year, according to the Ministry of Industry and Information Technology.

PRESTIGIOUS SUBSCRIBERS
Home | Products and Services | FAQ | Disclaimer | Chinese
©2024 Chinalawinfo Co., Ltd.    database@chinalawinfo.com  Tel: +86 (10) 8268-9699  京ICP证010230-20   京公网安备11010802015677