China is set to further increase financial support for private enterprises by introducing measures to lift the proportion of loans to private enterprises, according to the People's Bank of China (PBC), the country's central bank.
The drafted guideline comes as China accelerates efforts to shore up the confidence of private enterprises, a pillar of the nation's economic expansion.
Chinese experts said that the potential release of the guideline shows that policymakers are aware of the financing needs of private enterprises and are moving to improve the process.
Strengthened efforts will help improve insufficient domestic demand, and it will also stimulate the economic recovery with boosted confidence, they said.
The central bank will smooth financial channels including stocks, bonds and loans, and it will also guide financial institutions to increase loans and support more bond issues.
