China Rolls Out Measures to Increase Financial Support for Private Firms
• China aims to strengthen financial support for private companies by unblocking funding channels like loans, bonds, and shares • Banks encouraged to increase loans to private firms, raise limit on non-performing loans, and support first-time borrowers • Guidance for banks to meet reasonable financing needs of property developers facing temporary difficulties • Backing measures like IPOs, M&As, and reorganizations to support private companies • Principle is to meet continued financing needs of private firms in advance, not blindly cut off loans