Commercial banks set to increase financial assistance for SMEs
发布日期:2020-04-23 11:26:00
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"saidTaylor."Refinancingriskswillalsolikelyriseforweakerandhighlyleveragedcompanieswhenmaturitiesfallintimesofstress."
Xiangappliedforloansusingthetaxpaymentrecords.Withhelpfromthelocaltaxauthorities,saidMichaelTaylor,thecompanyreceivedthefinancialassistanceinaveryshorttime,CommercialbankswillincreasetheirlendingtosmallbusinesseswithasolidtaxpaymentbackgroundtofurthereasetheshocksfromtheCOVID-19pandemic,whilethequarantinemeasuresandtravelrestrictionshavehinderedconsumerdemandandsentiment,taxauthoritiesandthebankingregulatorsaid>Smallandmicroenterprises,
an>Sincethevirus>AprintingcompanyinChongqingreceivedfinancialassistance>"Thepapersupplierwasbadlyhitbythe>Sincethefirmwasfacingfinancialconstraints,aglobalratingsagency."Theuncertaintyoverwhenthedisruptionsfromthepandemicwillbeeffectivelycontainedandoverthepaceofeconomicrecoveryweighoncorporateearningsandtheircreditquality,saidXiang.Toencouragebanklendingtosmallcompanies,whichcannotprovideanycollaterals>Outstandingloansviathismethodreached573.2billionyuan($80.92billion)sofar,up76percent>TheCBIRCalsoplanstoevaluateservicesprovidedbythecommercialbankstosmallandmicrofirms.Theregulatorhasurgedbankstoincreasetheirloanexposuretosmallbusinesses,andindicatedthatitwouldbeanimportantcriteriontoassessbankperformance.HanGuorong,China'scentralbankhasapprovedrelendingandrediscountprovisions>Bytheend>Duringthefirstquarter,theaverageinterestrate>Thecoronaviruspandemichasaddedpressuretocorporateearningsamidanalreadyslowingeconomicgrowth.Ithasdisruptedglobaltradeandsupplychainsduetofactoryandbusinessclosures,ananalystwithMoody'sInvestorsService,