Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, Aug. 5 (Xinhua) — China has issued a policy document to strengthen financial support for new-type industrialization, the People's Bank of China (PBOC) said Tuesday.
A document released by the PBOC and six other government departments said China should have a broadly defined financial system in place by 2027 that supports advanced, intelligent and green manufacturing.
According to the directive, by 2027, the effective credit demand of manufacturing enterprises must be fully satisfied, while achieving sustainable growth in the volume of issuance and the number of issuers of bonds of manufacturing enterprises, as well as significant progress in equity financing.
The document provides for the optimization of financial instruments to promote breakthroughs in key technologies, attracting long-term assets and developing “patient capital” for the purpose of accelerating the commercialization of scientific and technological achievements. It is also planned to improve financial services for key enterprises to form safer and more independent production chains.
In addition, the directive calls for the use of financial mechanisms to support the modernization of traditional industries, the expansion of emerging industries and the strategic planning of industries of the future. –0–
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