China c.financial institution to assist personal corporations looking for financing

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HONG KONG, Oct 24 – China’s central bank will actively support private firms seeking financing through corporate bond issues and other means, as part of the government’s measures to bolster the private sector.

Governor Yi Gang said the bank is committed to create favourable financing environment for private enterprises, he said in a statement posted on the bank’s website.

China has announced plans to help private sector, such as easing the tax burden and implementing a list to limit foreign investments by end-March. (Reporting by Meg Shen and Twinnie Siu)

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