Financing tool to help private firms
Companies will gain easier credit through new bond procedure
China has decided to set up a new bond financing support vehicle to help finance private enterprises and ease their dilemma in getting loans, a move that experts said would stabilize market expectations and confidence.
The State Council, China's Cabinet, decided to establish the vehicle of marketized bond financing for private enterprises at an executive meeting presided over by Premier Li Keqiang on Monday.
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