BEIJING, Aug 18 (Xinhua): The following are the key moves taken by policymakers in the past week to enhance China's economic strength and sustainability:
China's banking and intellectual property regulators have decided to jointly boost the use of intellectual property (IP) as a financing tool to support the development of innovative enterprises.
Commercial banks are encouraged to establish separate credit programmes and specific in-house performance appraisal and incentive mechanisms to support IP pledge financing under the premise of having risks under control.
The China Banking and Insurance Regulatory Commission said it would tolerate a slightly higher bad loan ratio in IP pledge financing business of commercial banks.
The People's Bank of China unveiled a plan to improve and reform the country's loan prime rate (LPR) mechanism in its latest efforts to cut financing costs for the real economy.
Weekly policy snapshot of Chinese economy
FE Team | Published: August 18, 2019 21:06:23
Weekly policy snapshot of Chinese economy
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