The plans include creating a platform designed to provide SMEs with smoother access to capital and credit guarantees, boosting growth in China's most vigorous growth sector, which generates the bulk of the country's jobs, the newspaper said.
China's top leaders have announced plans for changes to the constitution intended to promote economic development, making public a process analysts hope will give private businesses the same legal rights as state enterprises.
An official from the Small and Medium-sized Enterprise Department under the State Development and Reform Commission (SDRC) revealed the department is drafting a document to promote the development of private enterprise, mostly small- and medium-si
State-owned Bank of China’s international factoring transactions increased by more than eight times year-on year while domestic factoring transactions rose 53% on year, the bank said, without providing figures.
China Export & Credit Insurance Co. (CECIC) and HuaTai Insurance Company of China Ltd. finalised a partnership agreement in Beijing on 24 July.
The international service of the Bank of China rose greatly in the first six months of this year. The bank's international factoring service rose by 832.23 per cent year-on-year in the first half.
Nearly 80 per cent of small-and medium-sized enterprises (SMEs) applying for interest-free loans to weather the financial strains attributable to the adverse effect of severe acute Respiratory syndrome (SARS) can count on the government's financia
Wu Dingfu, chairman of China Insurance Regulatory Commission has expressed his expectations that China Export & Credit Insurance Corporation (SinoSure) will play a greater role in boosting China's exports, and adapt to new situations to create a b
Sources from the Bank of China (BOC) said that, according to statistics published by Factors Chain International, BOC ranked seventh among 159 members, indicating that the bank had become a leading player in global export factoring business.
The growth of profits of Chinese industrial enterprises in the first five months of the year was 12.9 percentage points lower than in the period of January-April, official figures show.
