Central Bank: Launching Financial Policies To Support SME Development

According to the central bank, the Financial Research Institute of the people's Bank of China and the British Embassy in China are collaborating on three topics: "the development of corporate bond market", "the construction of credit system for small and medium-sized enterprises" and the "legislative framework of non bank lenders". The work is progressing smoothly and has achieved some results.

In July 19, 2010, People's Bank of China The International Symposium on SME financing held jointly by the Financial Research Institute and the British Embassy in Beijing was held in Beijing.

"The people's Bank of China will make full use of international experience to further study and launch support. Small and medium-sized enterprises The development of financial policy promotes the sustained and healthy development of the national economy. Du Jinfu, vice governor of the people's Bank of China, said in his speech that financing difficulties of SMEs is one of the main bottlenecks restricting the development of SMEs. Since the outbreak of the international financial crisis, this issue has become more prominent. In this regard, the people's Bank of China and other departments have taken active measures to increase the proportion of new business loans by financial institutions to new business loans.

British ambassador to China SebastianWood (Wu Sitian) pointed out in his speech that with the global economic recovery, the role of the government in the economy has been weakened, and the development of private economy is facing new opportunities. Wu Sitian introduced the support of the British government. Small and medium-sized enterprises Some measures also welcomed the close cooperation between China and Britain in the financial field under the framework of the Sino British economic and financial dialogue.

In addition, the participants gave speeches on the financing of SMEs, the construction of credit information system, credit evaluation, credit guarantee system and financing innovation.