China enhances business financing by incorporating quality management and brand reputation into lending criteria.

China is enhancing business financing by incorporating quality management and brand reputation into lending criteria, as stated by Luo Wen of the State Administration for Market Regulation. This initiative aims to generate an additional 300 billion yuan (approximately 42.4 billion USD) in annual credit approvals and promote financing through equities, funds, and bonds. Tailored financial products will also be developed for micro, small, and medium-sized enterprises.

October 14, 2024
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