China's banks issue loans to finance micro- and small-enterprises

Note: This section contains information in English only.
Source: China.org.cn
© scanpix/Reuters

The China Banking Regulatory Commission announced that three banks can issue 110 billion yuan bonds to provide loans for micro- and small-enterprises. The measure is aimed at stimulating development of small firms as they experience difficulties in raising finance, especially after government's credit restriction policies. Loans to small companies amounted 8.8% of all loans in September.  

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Mon, 14 Nov 2011 08:58:58 GMT

China's real estate prices decreased

After booming prices in property market the industry has started to cool down. The government tightening policies have led to an overall fall in real estate prices. Prices for new apartments in Beijing dropped by 5.1%. Analysts fear that restriction policy may impact country's economic growth. However, officials announced no changes in policy and continuation of price decrease in the industry.

Mon, 14 Nov 2011 10:12:53 GMT

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