BEIJING, June 24 -- China on Monday issued a white paper on financial services provided for small and medium-sized enterprises (SMEs).
As a major source of new growth drivers, SMEs have played an important role in promoting economic growth, increasing jobs and stimulating innovation, says the white paper released by authorities including the People's Bank of China and the China Banking and Insurance Regulatory Commission.
By strengthening counter-cyclical adjustments, keeping the liquidity at a reasonable and ample level, and comprehensively utilizing credit, bonds and equity, China has effectively alleviated the financing difficulty facing SMEs.
China's capacity of providing financial services for the SMEs has seen remarkable improvement, with the credit supply constantly increased, financing cost steadily lowered and financial coverage widened.
By the end of 2018, nationwide outstanding inclusive loans to SMEs reached 8 trillion yuan (about 1.12 trillion U.S. dollars), up 18 percent year-on-year and 8.2 percentage points faster than the growth at the end of the year before, according to the paper.
At the same time, the organization and product system of financial institutions in the banking sector has been constantly optimized, with large banks taking the lead in increasing input and lowering cost.
The combined outstanding inclusive loans offered by the country's five large state-owned commercial banks to SMEs has increased 23.7 percent by the end of May from the end of last year, while the average interest rate stood at 4.79 percent, 0.65 percentage points lower than the whole year of 2018.
The efficiency of financial institutions serving small companies has also been increasingly enhanced thanks partly to the optimized credit management pattern and the use of fin-tech means.
China's policy framework for beefing up financial support for the SMEs has been improved via implementing targeted cut in reserve requirement ratio and medium-term lending facility, as well as increasing support for re-lending and rediscount.
However, the white paper has also pointed out that solving financing difficulty facing small firms would be a long, complicated and arduous process.
China will continue to deepen financial supply-side structural reform and improve the policy environment to provide higher-quality and more effective financial services to SMEs, according to the white paper.
6月英语四级图表作文范文:可持续发展
英语四级写作十大必备范文:挫折
12月英语四级作文预测及经典范文:校园活动
英语四级考试谚语精选3
英语四级写作十大必备范文:互联网
徐华:12月英语四级作文范文考前背诵8篇
12月英语四级话题预测:教育不公平
英语四级作文常用万能句式:现象类
12月英语四级作文考前突击:思路+万能句推荐
击破6月英语四级写作
6月英语四级图表作文范文:大学规划
12月英语四级话题预测:上网找答案
英语四级图表作文范文:金字塔的建造
12月英语四级话题预测:给孩子配手机
12月英语新四级预测作文:私家车
英语四级写作十大必备范文:就业
英语四级写作十大必备范文:节俭
英语四级写作十大必备范文:电视选秀
英语四级作文必备模板:问题解决类
英语四级写作十大必备范文:出国留学
英语四级写作十大必备范文:考证热
英语四级写作满分句型(6)
盘点6月英语四级作文常用万能句式:因果类
英语四级写作十大必备范文:网络游戏
英语四级作文精彩模板与句型
英语四级告别"词穷"尴尬 万能开头结尾句型大全
英语四级图表作文范文:人生的选择
盘点6月英语四级作文常用万能句式:介绍类
英语四级写作六大开头句型
英语四级图表作文范文:量体裁衣
不限 |
英语教案 |
英语课件 |
英语试题 |
不限 |
不限 |
上册 |
下册 |
不限 |