China to expand financing channels for SMEs

China Daily

Direct financing channels will be expanded in order to aid cash-strapped small businesses, China's cabinet said on Monday. A more comprehensive and multi-level capital market will be developed to encourage direct financing and expand financing channels for small businesses, according to a statement from the State Council. Finance access standards on the Growth Enterprise Market (GEM) will be moderately relaxed for growth- and innovation-based enterprises, the statement said, adding that refinancing for listed small businesses will also be on the agenda.

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