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China

More financing tools needed for SMEs

"Innovation" and "diversification" are perhaps the most frequently used words in China these days, especially when government officials and economists talk about financing for the country's small and medium-sized enterprises (SMEs). With the government's help, SMEs should explore new financing...

High growth in loans explained

The balance of loans provided by financial institutions in China had hit 15.89 trillion yuan by the end of June…


Reserve requirements raised on domestic and foreign banks and...

China will raise the reserve requirements on domestic and foreign banks and other deposit-taking financial institutions next month in order…


China policy bank to provide more financial support to...

The plans include creating a platform designed to provide SMEs with smoother access to capital and credit guarantees, boosting growth…

#bank#Bank of China#banks


Hopes rise of better rights for businesses in China

China's top leaders have announced plans for changes to the constitution intended to promote economic development, making public a process…


Government drafts SMEs improvement policy

An official from the Small and Medium-sized Enterprise Department under the State Development and Reform Commission (SDRC) revealed the department…

#bank#exports#financial services


Bank of China’s factoring transactions soar in first half

State-owned Bank of China’s international factoring transactions increased by more than eight times year-on year while domestic factoring transactions rose…


CECIC ties up with HuaTai in export trading insurance...

China Export & Credit Insurance Co. (CECIC) and HuaTai Insurance Company of China Ltd. finalised a partnership agreement in Beijing…


Bank of China’s international factoring surges 800% in first...

The international service of the Bank of China rose greatly in the first six months of this year. The bank's…

#bank#Bank of China#international


Macao to give interest-free loans to SARS-hit firms

Nearly 80 per cent of small-and medium-sized enterprises (SMEs) applying for interest-free loans to weather the financial strains attributable to…


Regulatory body calls for SinoSure to play greater role...

Wu Dingfu, chairman of China Insurance Regulatory Commission has expressed his expectations that China Export & Credit Insurance Corporation (SinoSure)…


Bank of China ranks 7th in world's export factoring

Sources from the Bank of China (BOC) said that, according to statistics published by Factors Chain International, BOC ranked seventh…

#bank#Bank of China#international

SARS lowers growth of industrial profits in May but...

The growth of profits of Chinese industrial enterprises in the first five months of the year was 12.9 percentage points…

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