07 April 2020 – Streamlined credit approval process for small businesses

Intervention Categories: Finance policy and financial aid; Monetary and macro-financial policy
Level of Jurisdiction: National

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