FX.co ★ New China Stimulus Aims at Small and Micro Businesses

China's financial authorities have unveiled a fresh series of stimulus measures designed to bolster small and micro-sized enterprises, with a particular focus on the agricultural sector, as reported by Xinhua News on Wednesday. This initiative aims to broaden access to various forms of financing, encompassing first-time loans, corporate credit, and medium- to long-term lending. Furthermore, monetary instruments such as re-lending will be employed to provide added support. Banks will be motivated to set fair lending rates for these enterprises and to minimize additional loan-related charges. Moreover, regulators will direct lenders to simplify application documentation and streamline approval processes to enhance financing accessibility.