BEIJING, Dec. 13 -- China will smooth the transmission mechanism of monetary policies and further bring down overall financing costs for small and micro-businesses as part of efforts to address their financing difficulties.
The arrangements were made on Thursday at the State Council's executive meeting chaired by Premier Li Keqiang.
Thanks to multi-pronged efforts, by the end of October, the balance of inclusive loans to small and micro businesses increased by 23.3 percent, nearly 11 percentage points higher than the overall loan growth. Interest rates for these firms came down by 0.64 percentage points.
"Keeping employment stable will be our top priority next year. As stable employment largely hinges on small and micro-sized businesses, we must give them more support," Li said.
Guided by the decisions laid down at the Central Economic Work Conference, the meeting decided to bring down overall financing costs of inclusive loans for small and micro businesses by another 0.5 percentage points next year, and make sure that inclusive loans continue to grow faster than overall loans, and that such loans issued by the five major state-owned commercial banks increase by no less than 20 percent.
"While there is fairly sufficient 'water' in the 'pond', private companies, especially small and micro ones, still find it difficult to access affordable financing. It is imperative to take decisive measures to improve the monetary transmission mechanism and bring down real interest rates," Li said.
The meeting urged efforts to smooth the transmission mechanism and overhaul fees in the financing process. Banks will be supported in increasing medium- and long-term loans to the manufacturing industry, and developing credit loans and services that facilitate the roll-over of outstanding loans.
The credit quota for small and micro businesses with loans that are eligible for preferred risk weight formula will be raised from 5 million yuan (about 713,000 U.S. dollars) to 10 million yuan.
The average rate of government financing guarantee and re-guarantee institutions will be brought down to less than 1 percent.
"More research is needed to make breakthroughs," Li said. "When addressing financial risks of small and medium-sized banks, local governments must take their primary responsibilities. At the same time, such efforts must not block the lending channels for small and micro businesses."
张静中学2014高考英语一轮训练题及答案28
张静中学2014高考英语一轮阅读题及答案31
张静中学2014高考英语一轮阅读题及答案4
张静中学2014高考英语一轮训练题及答案2
张静中学2014高考英语一轮训练题及答案9
张静中学2014高考英语一轮训练题及答案6
张静中学2014高考英语一轮训练题及答案1
张静中学2014高考英语一轮训练题及答案27
国际英语资讯:Spotlight: Japans Abe ends non-apology tour to Pearl Harbor
张静中学2014高考英语一轮阅读题及答案6
张静中学2014高考英语一轮阅读题及答案15
2014高考英语书面表达一轮训练(2)附参考范文
张静中学2014高考英语一轮阅读题及答案3
郑州市 2014高考英语短文改错、书面表达一轮训练(10)附参考范文
郑州市 2014高考英语短文改错、书面表达一轮训练(14)附参考范文
张静中学2014高考英语一轮训练题及答案30
郑州市 2014高考英语短文改错、书面表达一轮训练(13)附参考范文
张静中学2014高考英语一轮阅读题及答案18
郑州市 2014高考英语短文改错、书面表达一轮训练(11)附参考范文
郑州市 2014高考英语短文改错、书面表达一轮训练(15)附参考范文
郑州市 2014高考英语短文改错、书面表达一轮训练(12)附参考范文
张静中学2014高考英语一轮阅读题及答案2
张静中学2014高考英语一轮训练题及答案5
张静中学2014高考英语一轮阅读题及答案16
张静中学2014高考英语一轮训练题及答案16
国内英语资讯:President Xi stresses tech advance to accelerate energy revolution
张静中学2014高考英语一轮阅读题及答案9
张静中学2014高考英语一轮训练题及答案18
国内英语资讯:Xinhua Insight: Xi gets to the core of national rejuvenation
张静中学2014高考英语一轮训练题及答案15
不限 |
英语教案 |
英语课件 |
英语试题 |
不限 |
不限 |
上册 |
下册 |
不限 |