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State Council: Boosts Re-lending Quota by RMB500B as MSME Credit Support
Chinese Premier Li Keqiang hosted a State Council standing meeting yesterday, encouraging financial institutions to defer loan payments provisionally for micro, small and medium en...
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State Council: Boosts Re-lending Quota by RMB500B as MSME Credit Support
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2020/02/26 07:37
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Chinese Premier Li Keqiang hosted a State Council standing meeting yesterday, encouraging financial institutions to defer loan payments provisionally for micro, small and medium enterprises (MSMEs) and provide more loans at concessional rates.

The State Council decided to raise the re-lending and re-discount quota by RMB500 billion, which will mainly be channeled to small and medium-sized banks to boost their support for MSME lending.
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