07 April 2020 – Streamlined credit approval process for small businesses

This item is sourced from COVID-19 Policy Watch co-ordinated by Policy. We are in the process of gathering further information and aligning taxonomies for these items.

Type of Intervention: Business support
Sectors Involved:
Level of Jurisdiction: National
Lead People/Agency:

Overview: The General Office of the State Administration of Taxation announced that banks would launch credit products suitable for small and micro enterprises.

These credit products are aimed at further optimising the credit approval process, increasing the speed of loan demand response and extending the duration of loans for small and micro enterprises so that they can have a better development.
Full details here: http://www.gov.cn/zhengce/zhengceku/2020-04/07/content_5499928.htm