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SMEs to get more financial support

07-02-2010 09:49 BJT

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Small and medium sized enterprises in China will enjoy a more supportive environment, and find it easier to raise funds.

The People's Bank of China, the Banking Regulatory Commission, the Securities Regulatory Commission and the Insurance Regulatory Commission have jointly pledged to improve financial services for small and medium sized enterprises. They're committed to solving the bottleneck of funding for SMEs, and boosting their innovation and competitiveness. Companies developing high added value products and building national brands, will have privileges in funding.

Financial institutions are also greatly encouraged to support advanced SMEs in the East, to cooperate with those in the Middle and West of China by merger and acquisitions and other means.

Editor:Xiong Qu |Source: CCTV.com

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