Special bonds to aid smaller banks
China will allow special local government bonds to support small and medium-sized banks in replenishing capital, in the latest move to strengthen financial support for enterprises.
The country will focus on improving financial services offered to micro, small and medium-sized enterprises, according to a State Council executive meeting presided over by Premier Li Keqiang on Wednesday.
The meeting has decided to grant certain quota to local governments this year to explore new capital replenishment channels for the banks, including subscriptions for convertible bonds.
Accounting for 99 percent of banks, small and medium-sized banks have faced mounting pressure on lending capacity and capital consumption due to COVID-19 strains.
鈥淚t was a timely and important move for the country to innovate capital replenishment tools for small and medium-sized banks,鈥 said Dong Ximiao, a researcher with the National Institution for Finance and Development.
It is also conducive to enhancing the willingness and ability of small and medium-sized banks to serve the real economy, especially micro, small and medium-sized enterprises and private firms.
The meeting urged local governments to give priority to small and medium-sized banks.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔$粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.