Beijing city temporarily relaxes rules on micro-lenders' leverage to bolster lending capacity

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

China's capital city of Beijing has temporarily relaxed rules on micro-lenders, raising the cap on their leverage ratio, in a move to bolster their lending capacity to small businesses and help them resume operations after hit by the coronavirus outbreak.

The local financial regulator of the city said micro-lenders, financial escrow companies, financial leasing companies, regional equity exchanges and asset management companies should play a better role in providing financial support, according to a document released on Wednesday.

To strengthen micro-lenders’ lending capability, qualified lending platforms which actively participate in helping . . .

Sign In or Subscribe To Get Full Access.

Everything you need about China markets is on THE WIRE - one timeline with up-to-the-minute updates throughout every trading day.

Follow China Market In The Most Efficient Way!

TRY US FOR FREE