Latest News:  


China to incentivize small firms


17:28, July 15, 2013

BEIJING, July 15 (Xinhua) -- China's central bank will continue to implement prudent monetary policies and increase financial incentives for small firms, said its chief, Zhou Xiaochuan, on Monday.

Zhou said at a conference on improving the financial environment for small firms that China will provide financial support to small firms as part of efforts to sustain stable economic growth.

Small and micro-sized firms serve as a significant channel for creating jobs, a major platform for the growth of entrepreneurship, and an important force of scientific innovation, according to Zhou.

"Financial support to small firms' development will lead to a stable and relatively fast economic growth," said the official at the conference.

Zhou said China will keep a reasonable credit supply to provide a good financial environment for small and micro-sized firms, while lending to such enterprises should grow at a rate no lower than the average loan growth of the country's banks.

China will steadily push forward market-oriented interest-rate reform and the establishment of a deposit insurance system, he stressed.

Official data showed that small and micro-sized enterprises create about 80 percent of the country's jobs, but they usually have difficulty in securing bank loans, as Chinese banks prefer to lend to larger companies, especially state-owned enterprises.

We Recommend:

How did Chinese solar industry go bankrupt?

Born to lead: 2nd gen of Chinese tycoons

Chinese graduates’ unconventional jobs

China's largest railway terminal officially opens

Dazzling gems shine at Beijing jewelry show

Boeing 787 Dreamliner to serve Beijing-Haikou route

New high-speed rail linking Nanjing, Ningbo opens

Jiaxing-Shaoxing Sea Bridge in E China

Chinese investors' happiness and sadness

Email|Print|Comments(Editor:ChenLidan、Wang Jinxue)

Leave your comment0 comments

  1. Name


Selections for you

  1. Female soldiers in China-Russia joint drill

  2. Lady officers complete Basic Air Borne course

  3. Best photos of week (July 8 - July 14)

  4. 9 young giraffes find new home in Qingdao

  5. San Francisco crash survivors come back home

  6. Daily life in central China county

  7. Highlights of global stewardesses' uniform

  8. Charming beauties at Super Model Contest

  9. History of China's auto industry

  10. Migrant workes' high incomes not that rosy

Most Popular


  1. Why the customer remains the king
  2. Going mobile is the key to business success
  3. Drone strikes only serve to help anti-Americanism
  4. State must control capital: Justin Yifu Lin
  5. Chinese economy not to take hard landing
  6. RMB becomes more market-oriented: official

What’s happening in China

Migrant workes' high incomes not that rosy

  1. Nanjing gears up for 'luxury' cabs
  2. Looking for relationship without sex
  3. Plan to close prison welcomed by locals
  4. Parents' desperate efforts to save baby
  5. HK to lift controls on baby formula: expert