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China Requires Banks to Provide $240 Billion of Loans to Small Businesses & Self-Employed, Extend Loans & Waive Default Interests
6th May 2022 | Hong Kong
At the China State Council’s Executive meeting chaired by Premier Li Keqiang (5/5/22), large China state-owned banks are required to provide $240 billion of loans to small businesses & self-employed, including extending loans, adjusting loans and waiving default interests to relieve operating pressures from the COVID-19 pandemic. China State Council: ”Local governments shall set up relief funds for small business & self-employed households to subsidise rentals, fees, and loan interests of those in difficulty.”
“ China Requires Banks to Provide $240 Billion of Loans to Small Businesses & Self-Employed, Extend Loans & Waive Default Interests “
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China Requires Banks to Provide $240 Billion of Loans to Small Businesses & Self-Employed, Extend Loans & Waive Default Interests
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