China ministry calls for raising interest discounts for startup loans

Local government financing guarantee institutions should provide financing guarantee support for eligible micro, small and medium enterprises and self-employed individuals in sectors of transport, catering, accommodation and tourism, according to a circular posted on the website of the ministry.

Efforts should be made to promote financial institutions to accelerate loan issuance and prevent forced early repayment of loans, or arbitrary termination of loan agreements, the circular was quoted as saying by a news agency.

ALCHEMPro News Desk (DS)