The measures will shorten the loan approval process for working capital loans of small and micro enterprises
PHOTO
China's financial regulator will broaden the uses and scope of fixed asset loans and working capital loans, according to measures released by the National Financial Regulatory Administration on Friday.
The measures will shorten the loan approval process for working capital loans of small and micro enterprises and personal loans of less than 200,000 yuan ($27,857.87), it said. ($1 = 7.1793 Chinese yuan renminbi) (Reporting by Beijing Newsroom; Editing by Christian Schmollinger)
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
