China Exim taps the market for extra $250m
The Export-Import Bank of China (China Exim) increased its month-old 2014 dollar bond issue to $1bn yesterday by tapping the capital market for another $250m.
The Export-Import Bank of China (China Exim) increased its month-old 2014 dollar bond issue to $1bn yesterday by tapping the capital market for another $250m.
China’s commercial banks have been urged to accelerate loan support to private sector when tightening lending policies to cool down expansive investment and credit growth.
Coface, a world leader in credit insurance and also a credit management service provider, opened its Beijing office yesterday to develop the local corporate trade credit market.
New loans are being made available to small- and medium-sized enterprises (SMEs) which have been suffering from a drought of working capital caused by the State banking system's cut in lending this year.
China's central bank yesterday warned that macro-economic controls remain at a crucial stage amid government efforts to cool the roaring economy, with inflation set to expand in the third quarter.
Over 1,200 small Chinese firms are now queuing up for share offers on the Shenzhen second board for small- and medium-size enterprises (SMEs), with 80-90% of them private firms, according to the China Securities Journal.
More efforts should be made to promote the development of small- and medium-sized enterprises (SMEs) in China, said Su Bo, director of the department of SMEs under the National Development and Reform Commission.
The Asian Development Bank (ADB) has approved a technical assistance grant of US$550,000 to help China to finance its small- and medium-sized enterprises (SMEs).
Guangdong Province is accelerating the construction of a credit guarantee system to help privately-run small-and medium-sized enterprises (SMEs) expand their financing channels.
Foreign capital banks in Shanghai are becoming increasingly competitive as shown by faster increases in deposits and loans than their Chinese counterparts in the first half of this year, according to the Shanghai Bureau of the China Banking Regula