China will improve the direct financing support system for private enterprises

The CPC Central Committee and the State Council issued opinions on accelerating the improvement of the socialist market economic system in the new era.
The opinion pointed out that it will build an institutional environment that supports the high-quality development of the non-public economy.

The CPC Central Committee and the State Council issued opinions on accelerating the improvement of the socialist market economic system in the new era.

The opinion pointed out that it will build an institutional environment that supports the high-quality development of the non-public economy.

It will improve the implementation rules and specific measures to support the private entities to enter the fields of power, oil and gas, etc., greatly relax market access in the service sector, and release more development space to social capital.

The Chinese government will also improve the support system for SMEs, increase the supply of financial services for SMEs, and support the development of small and medium-sized financial institutions such as private banks and community banks.

Finally, it will improve credit support system and direct financing support system for private enterprises.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/19/china-will-improve-the-direct-financing-support-system-for-private-enterprises/.

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