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China to continue with credit policy tools to help small businesses

Xinhua | Updated: 2020-12-23 15:44
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A cashier at a bank in Taiyuan, Shanxi province counts renminbi notes. [Photo/China News Service]

BEIJING - China will continue with two credit policy tools to provide financial support to small and micro-sized companies next year, said a State Council meeting.

China will continue with the policy which allows small and micro-sized businesses to postpone principal and interest repayments on inclusive loans in the first quarter of next year, and will extend the policy period appropriately, according to the meeting presided over by Premier Li Keqiang on Monday.

The country will also extend the credit loan support tool to help small businesses stabilize their operations, the meeting said.

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