Policy boost for private sector

Ease of doing business, accessing finance are the key focuses for Fujian's development

East China's Fujian province is launching a series of measures to tackle financing difficulties and to improve the business environment for private companies, as part of the country's broader efforts to spur private business development, said Yu Weiguo, Party chief of Fujian.

The measures include setting up a 15 billion yuan ($2.16 billion) fund to offer financial aid to private companies, and a 2 billion yuan bond issuance for private companies whose pledged shares are liable to be cashed in.