Financing to be eased for returnees

China will make financing easier for migrant workers and veterans who return to their rural homes and start businesses, a senior official said.

Zhang Yizhen, vice-minister of human resources and social security, made the remark during a news briefing on Friday on an upcoming guideline of policy incentives for migrant workers, college students and veterans who choose to start businesses in rural regions. It was approved at the State Council's executive meeting chaired by Premier Li Keqiang on Wednesday.

Zhang said State-owned commercial banks will direct their subbranches to approve credit for those who return to start businesses. Also, the financing model covering government, banks and insurance will be extended to rural startups.