Beijing acts to ease financing problems of small businesses

As part of the follow-up measures to help small and micro businesses out of their financing troubles, Beijing decided on Wednesday to usher in a range of initiatives eliminating unnecessary entry thresholds for credit, interest and stock offerings.

Amid looming concerns over the downward pressure clouding the Chinese economy, observers have placed high hopes on more tangible policies that may boost the real economy and ensure the unfolding of structural reforms.

Reform of China's IPO issuance mechanism was high-lighted at an executive meeting of the State Council chaired by Premier Li Keqiang on Wednesday, with members deciding that the reform plan for registration-based IPO issuance "should be formulated at an early date".