BIZCHINA> Center
![]() |
Related
Financing conditions improve for SMEs
(Xinhua)
Updated: 2008-11-14 15:44 A senior Chinese central bank official said on Friday that financing conditions had improved for small and medium-sized enterprises (SMEs) in recent months, reflecting government moves to increase their access to loans. Yi Gang, vice governor of the People's Bank of China (PBOC), cited a record increase in total loans and a surge in the amount of commercial paper, which is often used or held by SMEs. "Many small and medium-sized enterprises probably secured more loans from commercial banks, as total loans made in the first 10 months reached a record high of 3.66 trillion yuan ($535.9 billion)," Yi told a press conference in Beijing. Yi pointed out that the PBOC in August raised this year's credit quota by 5 percent for national commercial banks and 10 percent for local commercial banks. The move was aimed at easing the financial difficulties of SMEs. Central bank statistics showed that commercial paper increased by 60.8 billion yuan in October, the largest rise ever. That gain was 15 percent more than the rise of 52.8 billion yuan recorded in August. (For more biz stories, please visit Industries)
|
主站蜘蛛池模板: 乐清市| 两当县| 溧水县| 格尔木市| 原阳县| 通渭县| 琼中| 承德市| 琼结县| 丘北县| 会昌县| 汕头市| 方正县| 丹东市| 灌云县| 碌曲县| 沁源县| 新竹县| 花莲县| 偃师市| 灵川县| 望城县| 信宜市| 夏邑县| 赣榆县| 沙湾县| 象州县| 宜良县| 莒南县| 乌拉特前旗| 桐城市| 娄烦县| 嵊州市| 南澳县| 横山县| 濉溪县| 赞皇县| 紫金县| 安塞县| 宁武县| 汶上县|