Financial leasing aid
Print Edition
THE Chinese government yesterday unveiled favorable measures on financial leasing to boost the sector to help cash-strapped firms.
Authorities will cut red tape, improve regulation and seek support from other financial institutions to accelerate development of the sector, said a guideline released by the State Council.
The guideline encourages government agencies to purchase and provide public services through financial leasing, adding that legislation for the sector is being studied to improve supervision.
Local governments should take advantage of the new measures, such as interest subsidies, to guide financial leasing businesses to better serve small and medium-sized enterprises, the guideline said.
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