Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
BEIJING, May 7 (Xinhua) — China’s National Financial Supervision Administration on Wednesday called for maintaining stable growth in lending to small and micro enterprises and continuously improving the quality of credit services provided to them.
In its circular, the department said that banking and financial institutions need to ensure sufficient supply of credit for small and micro enterprises, aiming to ensure that the growth rate of inclusive lending to small and micro enterprises is at par with the growth rate of all types of loans.
The Authority also called on the above-mentioned institutions to strengthen regulation of the cost of credit, and scientifically and rationally determine the interest rate levels for inclusive lending to small and micro enterprises.
In addition, banking and financial institutions are encouraged to leverage their professional advantages and increase financial support for small and micro enterprises in the areas of foreign trade, private sector, technology and consumption.
As of the end of February 2025, the total outstanding inclusive loans issued to small and micro enterprises nationwide stood at 33.9 trillion yuan (about 4.71 trillion U.S. dollars), up 12.6 percent year-on-year. –0–