BEIJING (Reuters) – The leading financial authority in China has promised to sustain a stable and effective credit flow to private businesses, along with increasing support for their loan requests, according to an official announcement released on Wednesday.
The National Financial Regulatory Administration also committed to addressing the reasonable financing requirements of various real estate firms, including those operating in the private housing sector.
These assurances followed a rare meeting between President Xi Jinping and several of the nation’s largest private enterprises on Monday, as government officials sought to bolster business confidence in the world’s second-largest economy.
(Reporting by Ellen Zhang and Ryan Woo; Editing by Christian Schmollinger)
