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Home> Google News> China central bank chief says funding for small businesses to improve the China central bank chief says funding for small businesses to improve
Promotion valley imports will be fixed by interest rate reform valley imports also enhance the ability of small enterprises to access capital, he wrote. Would the central bank also promote the development of small business finance to support more nimble companies valley imports offer small, and private equity and venture capital firms are encouraged to help develop small businesses. Zhou comments follow a series of measures to support businesses, especially smaller businesses employing tens of millions. This week alone, the government valley imports has scrapped value added taxes for small businesses, steps to cut red tape for importers and exporters, simplified rules services industry valley imports businesses needing to accept foreign currency and said that would allow small businesses issue more bonds to help them raise cash. He noted the complex and unstable situation of domestic and international economic, and more downward pressure on the Chinese economy. In such circumstances, "would be financial support for small enterprises and micro help maintain stable economic development, economic structural adjustment and promote the internal dynamics of improving economic development." China's Leaders work to turn the economy into one led by domestic consumption and demand from a focus on manufacturing and exports, but the task is more complex as growth slows, and leaders pains to show that they will support the economy if necessary. Zhou stressed the need for bank credit available for small businesses and for more innovation in financial products and services to take into account the needs of small businesses, as well as the construction of credit system for businesses such standardized valley imports change. China's central bank will continue to operate a prudent monetary policy to improve the financial environment for small companies, to chief wrote in an article on Friday, the latest in a series of official statements supportive as the economy slows. Small and micro enterprises is an important force for economic and social development, wrote People's Bank of China Governor Zhou Xiaochuan in the article published on the official website of the People's Daily newspaper.
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