B · Normal
[People's Bank of China: Strengthen fiscal and financial coordination to further reduce service industry financing costs] On September 29, Che Shiyi, deputy director of the Credit Market Department of the People's Bank of China, stated at a press conference on the 29th that fiscal and financial coordination will be strengthened and the financing costs of the service industry will be further reduced through the superposition of re-lending and fiscal discount policies. In the first half of this year, the weighted average interest rate of new loans issued to small, medium and micro private enterprises by local legal person financial institutions dropped by 0.4 percentage points compared with the same period last year.
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