Saturday, October 24, 2020
Tags Chinese small business

Tag: Chinese small business

Think Tank Frets over Impact of Coronavirus on China’s Small Businesses and Regional Banks

A senior figure from one of China's leading economics think tanks has called for Chinese banks to help small businesses to weather...

Beijing’s New Tax Cuts Expected to Save Chinese Small Businesses 200B Yuan

The Chinese central government has flagged new tax cuts which are expected to reduce the tax burden for small and micro-enterprises by approximately 200...

Loans to Small and Micro-enterprises Made Exempt from Value-added Tax

The central government has launched new measures to raise levels of financial inclusion on the part of Chinese lenders. China's Ministry of Finance and the...

Beijing Proposes Five Measures to Expand Financial Inclusion for Small Businesses

The State Council has outlined a raft of five measures for expanding the supply of financing to China's small and micro-enterprises. On 20 June China's...

SME’s Account for over 60% of China’s GDP, Beijing Mulls Inclusion of Loans as MLF Collateral

The Chinese central government is pushing for the financial sector to provide greater support to small and micro-enterprises, who have seen their contribution to...

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Fintech Giant Lufax Pursues USD$2.36 Billion Stateside IPO

Chinese fintech giant Lufax has revealed more details on its plans to pursue an initial public offering (IPO) in the US despite...

China to Increase Qualified Domestic Institutional Investor Quota by around USD$10 Billion

China's forex administration has announced a further increase to the foreign investment quota for qualified domestic institutional investors (QDII).

Zhou Xiaochuan Weighs in on Internationalisation of the Renminbi at 2020 Financial Street Forum

Zhou Xiaochuan, the former head of the Chinese central bank, has voiced his opinions on the near-term prospects for the internationalisation of...

PBOC Launches Fintech Research Centre, Calls for “Comprehensive Increase” in China’s Fintech Competitiveness and Influence

A senior official from the People's Bank of China (PBOC) has called for the country to further drive efforts for the development...