CCTV News: The All-China Federation of Industry and Commerce and the China Banking Association jointly issued an initiative on March 17, proposing that banks optimize credit services and provide strong financial support for the development of the private economy.
The initiative proposes to optimize credit services for private enterprises, strengthen product innovation, and provide all types of private enterprises with more suitable products and simpler loan processes.
Xing Wei, full-time vice president of the China Banking Association, said that the stable and effective incremental credit supply for private enterprises should be maintained. On the basis of reasonable pricing, gradually reduce the comprehensive financing costs of private enterprises.
The initiative also clarifies that we must take the initiative to continue to serve the funds of private enterprises, and do not blindly stop loans, suppress loans, withdraw loans, or cut off loans. On the premise of due diligence exemption, reasonably increase the tolerance for non-performing loans of private enterprises. The initiative also proposes to vigorously support small and micro business entities and provide more, better and more accurate financial services to individual business owners and other entities.
The All-China Federation of Industry and Commerce will also form a joint force with the financial management departments to jointly promote the improvement of the financing environment for private enterprises.
