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Small businesses in China are finding it harder to get loans because of the country’s tightened monetary policy, data from a report by the Ministry of Industry and Information Technology showed, China Securities Journal reported on Thursday.
Chinese shares rose on Friday with the benchmark Shanghai Composite Index closed up 0.84 percent, or 22.84 points, at 2,728.02.
China's money-market rate dropped to a three-day low as the central bank injected the most cash into the financial system in five weeks.
Stocks on the Chinese mainland fell on Thursday, driving the benchmark index to the lowest level in more than four months. The retreat came on concern that slowing economic growth and government tightening policies will hurt corporate earnings.
More than 60 percent of investors in the stock market in China say they regularly experience negative moods, according to a recent health survey.
China UnionPay, the country's largest bank card payment processor, said Thursday that its cards will now be accepted by automatic teller machines (ATMs) owned by Brazilian bank Itau Unibanco starting from June 2.
Chinese shares declined sharply on Thursday after an overnight slump in the US market weighed on market sentiment.
China's central bank said on Wednesday that it would auction a combined 38 billion yuan ($5.9 billion) of three-month and three-year bills on Thursday, stepping up its money market operations as liquidity conditions have improved.
The time is right for China to adopt a macro-prudential policy framework in order to facilitate financial reforms in the post-global financial crisis era, the country's central bank governor said Wednesday.
China's top banks are expected to receive a short-term boost from a plan to have Beijing write off local government debt. However, the move highlights concerns looming over the future impact of the country's lending spree.
Financial cooperation between China and Latin American countries has created substantial benefits for both sides, the president of the China Development Bank (CDB) said in Beijing on Wednesday.
Chinese shares edged up on Wednesday after a reading of the country's manufacturing sector continued to slow in May at a rate that was within expectation.
