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China to establish government-led fund to bolster financing guarantee industry

( August 3, 2015, 08:07 GMT | Insight) -- China’s State Council has decided to set up a state-level financing credit-guarantee fund and encourage provinces or municipalities to establish local government-backed funds to help guarantee against risks that come from secured loans provided by ba...China’s State Council has decided to set up a state-level financing credit-guarantee fund and encourage provinces or municipalities to establish local government-backed funds to help guarantee against risks that come from secured loans provided by banks, Economic Information Daily reported today. This is one of the latest efforts by the country to alleviate financing difficulties for small- and micro-sized enterprises as well as agricultural businesses through a multi-layered mechanism that involves local governments, banks and financing guarantors to spread market risk in the financing guarantee industry, and facilitate optimized allocation of resources, the report added....

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