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China launches pilot program to boost funding support for SME tech firms

( April 22, 2016, 07:29 GMT | Official Statement) -- MLex Summary: The China Banking Regulatory Commission, jointly with the Ministry of Science and Technology and the People’s Bank of China, recently issued a set of guidelines to launch a pilot program that encourages banks to combine their lending to small and medium-sized technology firms and the equity investment in these firms by bank subsidiaries that are eligible to invest. The move is expected to provide these companies with continuous funding support, and boost innovation and high-tech entrepreneurship.The guidelines are as follows:...

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