Latest News:  
Beijing   Sunny/Cloudy    16 / 5   City Forecast

Home>>China Business

China's bank watchdog to promote small business

(People's Daily)

16:40, October 25, 2011

Edited and translated by Yao Chun, People's Daily Online

Now that regional and systematic risks have been effectively controlled, the China Banking Regulatory Commission will take various measures to guide and promote the role of banks in supporting the national economy’s sound and fast development, said the vice president of the China Banking Regulatory Commission.

The commission will further enhance the policy support and loans to small businesses as well as loosen access restrictions on commercial banks whose customer amounts and balance of loans to small businesses have surpassed a certain percentage.

The commission will permit banks to establish local branches and franchised agencies and give priority in supporting commercial banks to issue financial bond for small businesses. The commission also permits commercial banks to exclude the financial bonds of less than 5 million yuan bought by small businesses from loan-to-deposit ratio appraisal.


Leave your comment0 comments

  1. Name


Selections for you

  1. Qinghai Provincial Science and Technology Museum opens

  2. Uygur culture -- snapshots of life in Xinjiang

  3. Boeing 737-900ER demonstrated in Beijing

  4. Heavy snowfall hits NE China's Heilongjiang

Most Popular


  1. US cannot export its crisis
  2. Arab Spring: Turbulence or Revolution?
  3. Five highlights expected at EU Summit
  4. Online business order remains in infancy
  5. Why Chinese students enjoy playing truant?
  6. China's GDP: Quality vs. quantity?
  7. What does Clinton's 'Pacific Century' mean?
  8. Chinese should see warning in Western demos
  9. EU, US crises taking toll on China's GDP
  10. Time right to develop S China Sea resources

What's happening in China

Home prices decline in suburbs

  1. Teacher fired for punishing boy with a saw
  2. Shanghai sees six-year low in housing sales
  3. China's police begin to arrest "runaway bosses"
  4. China creates 9.94 million new jobs
  5. Twenty six stand trial for fatal coal-mine dispute

PD Online Data

  1. Spring Festival Customs
  2. New Year´s First Meal
  3. Firework and Firecracker
  4. Chinese Character "Fu"
  5. Spring couplets