Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
Shanghai to Set up RMB400B Specialized & New Loans to Support 'Stock Listing', Launch More Measures to Cope with Int'l Mkt Volatility
Recommend 5 Positive 4 Negative 10 |
||||
|
||||
|
The Shanghai Municipal People's Government organized a press conference to explain relevant information on “Certain Measures of Shanghai Municipality to Promote the Development and Growth of Specialized and New Small and Medium-Sized Enterprises”. Pu Yapeng, Deputy Director of the Shanghai Municipal Commission of Economy and Informatization, said that the measures include 20 specific measures in six areas. In terms of promoting high growth development, the measure proposes to support enterprises in “upgrading from small and micro size to a size above designated scale, and even list on the stock market”, with the goal of doubling the number of specialized and new SMEs in Shanghai to about 20,000 by the end of the Fifteenth Five-Year Plan. In terms of lowering financing costs, RMB400 billion of “specialized and new loans” will be set up. Of which, the total size of credit loans will exceed RMB200 billion, and enterprises will be provided with interest subsidies of up to 30%. In addition, in order to encourage and support the specialized and new private enterprises to actively cope with the fluctuations and challenges in the international market, Shanghai introduced relevant support policies, including the establishment of a coordination mechanism for service enterprises to go global, the enhancement of support for the internationalization of professional services and the support for the specialized and new private enterprises to make good use of the exhibition resources, etc.. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
