China has been offering an increasing amount of support for private companies, which marks the highest treatment they have ever enjoyed in China's history.
Let's take a look at what benefits have been brought to them so far.
Local governments and financial institutions have established various types of bailout funds with more than 400 billion yuan ready to provide financing to the private sector.
Guo Shuqing, the chairman of the China Banking and Insurance Regulatory Commission (CBIRC), proposed . . .
To continue reading, please subscribe. You will get
- Original and in-depth reporting on China's economy and financial markets
- Details, data and perspectives you don't read elsewhere
- THE WIRE - a Real-Time News platform that delivers everything important about China's economy, companies, stocks, bonds, commodities and the yuan.
- Daily Brief newsletters to get you prepared for every trading day
We highly value independence. We are solely funded by subscriptions from thousands of readers like you.
Already have an account? Sign In