General Office of the State Council, Implementing Opinions on the Support for the Development of Small and Micro Enterprises from Financial Services
国务院办公厅关于金融支持小微企业发展的实施意见
September 10, 2013 | BY
CLP Temp &Private capital encouraged in establishment of banks.
Issued: August 8 2013
Main contents: According to the Opinions, provided that risks can be controlled, it should be ensured that the pace of the increase in loans to small and micro enterprises may not be lower than the average of other types of loans and the increased amount of such loans may not be lower than that in the same period of the previous year (Article 1). The Opinions also promote the trial of establishing banks with private capital that bear their own risks (Article 4).
Related legislation: PRC Banking Regulation Law (Revised), Oct 31 2006
clp reference:3600/13.08.08 issued:2013-08-08
Issued: August 8 2013
Main contents: According to the Opinions, provided that risks can be controlled, it should be ensured that the pace of the increase in loans to small and micro enterprises may not be lower than the average of other types of loans and the increased amount of such loans may not be lower than that in the same period of the previous year (Article 1). The Opinions also promote the trial of establishing banks with private capital that bear their own risks (Article 4).
Related legislation: PRC Banking Regulation Law (Revised), Oct 31 2006
clp reference:3600/13.08.08 issued:2013-08-08
This premium content is reserved for
China Law & Practice Subscribers.
A Premium Subscription Provides:
- A database of over 3,000 essential documents including key PRC legislation translated into English
- A choice of newsletters to alert you to changes affecting your business including sector specific updates
- Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
Already a subscriber? Log In Now