Beijing: China’s top financial regulator has pledged to ensure a stable and effective credit supply to private enterprises while increasing support for their financing needs, according to an official statement released on Wednesday.
The National Financial Regulatory Administration (NFRA) also reaffirmed its commitment to addressing the funding requirements of various real estate firms, including privately-owned housing enterprises.
The announcement follows a rare meeting between President Xi Jinping and the leaders of some of China’s largest private companies on Monday. The high-level discussion underscores Beijing’s efforts to restore business confidence and strengthen the country’s private sector amid broader economic challenges.
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The move comes as China’s economy faces headwinds, with concerns over sluggish domestic demand, property market instability, and weak investor sentiment. Policymakers have been ramping up measures to support businesses, emphasizing the crucial role of private enterprises in sustaining economic growth.
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