China Pledges to Strengthen Credit Support for Private Firms and Real Estate Sector
TMTPOST -- China’s top financial regulator on Wednesday announced its commitment to maintaining a stable and effective credit supply for private firms, alongside increased support for their loan needs, according to an official statement.
The National Financial Regulatory Administration also emphasized its intention to meet the reasonable financing requirements of various real estate enterprises, including private housing developers.
These pledges follow a rare meeting held by President Xi Jinping on Monday with some of China’s largest private companies, as policymakers seek to boost business confidence and stabilize the economy of the world’s second-largest market.
More News