Central bank: strengthen financial support for county commercial system construction

2022-07-21 0 By

The People’s Bank of China (PBOC), the central bank, issued a statement on its website on March 30.Among them proposed to strengthen the county commercial system construction financial support.Financial institutions should focus on county commercial development, rural circulation network construction and county market main body cultivation, strengthen the connection between banks and enterprises, increase credit supply.In combination with the actual use scenarios of county commerce, deepen information coordination and technology empowerment, and provide funds settlement, financial management and other services for county commerce, logistics, supply and marketing enterprises and cooperatives.Explore and develop exclusive loan products for rural e-commerce, and open up the capital chain of rural e-commerce.We will provide financial services for rural residents to find jobs or start businesses locally.All branches of the People’s Bank of China should strengthen coordination and linkage with departments of finance, human resources and social security, appropriately increase the amount of start-up guarantee loans, optimize the processing process, implement relevant policy requirements for exempting counter-guarantee, and support eligible farmers who start their own businesses to apply for start-up guarantee loans.