Source: CCTV.com

03-10-2009 17:53

Special Report:   2009 NPC & CPPCC Sessions

Officials at the news conference also said the government has taken measures to support small and medium enterprises.

The Industrial and Information Minister, Li Yizhong said the central government has granted 1 billion yuan to 330 guarantee firms.

Officials at the news conference also said the government has taken measures to support small and medium enterprises.(CCTV.com)
Officials at the news conference also said the government
has taken measures to support small and medium enterprises.
(CCTV.com)

These firms will be able to offer 250 billion yuan loans to SMEs. In addition, local governments have set up re-guarantee firms to further lower the risk of lending loans.

With this move the government hopes bank loans issued to small and medium enterprises this year will reach 600 billion yuan.

Other financial methods are also supported. Qualified firms are encouraged to go public and raise capital in the equity market.

Meanwhile, the central government has set aside 3.9 billion yuan in various ministries to support small and medium enterprises.

 

Editor:Zhang Pengfei