Tibet eases financing for private businesses
Southwest China's Tibet Autonomous Region rolled out a spate of measures Tuesday to ease financing for private businesses in the region.
The measures, released by regional financial regulators, include increasing monetary policy support, improving credit management, and offering more diverse financing products and services.
Loans in the region granted to private businesses should grow at least five percentage points higher than the growth of other types of loans, and the banks should expand the scope of items private businesses can mortgage and pledge, according to the measures.
Local statistics show that Tibet had about 44,000 new market entities established in 2017, up 19.1 percent year-on-year. The total number of registered businesses reached 227,000 in 2017, with more than 96 percent in the private sector.
Related News
-
Shigatse has more than 3,800 Aid-Tibet projectsSince 1994, Shigatse in southwest China's Tibet has welcomed 3,842 Aid-Tibet projects from four paired...
-
Tibet Library receives over 120,000 visitors this yearA few days ago, reporters learned from the Tibet Library that the library has received more than 120,0...
-
3,000 air passengers in Tibet unable to travel due to snowMore than 3,000 passengers were stranded in Gonggar Airport Tuesday due to heavy snow in Lhasa.
-
China says US Senate overstepped on Tibet billBeijing strongly opposes a bill passed by the United States Congress that demands access for US citize...
-
Tibetan antelopes seen in Qiangtang National Nature ReserveTibetan antelopes in the wilderness of Qiangtang National Nature Reserve, southwest China's Tibet.
-
Tibet holds publicity events for 1st national "Constitution Week"During the question and answer session, people would answer questions first in Mandarin and then repea...
Tibet Stories
Geese breeders in mountains of Tibet
“We spent only one year in realizing full returns on our former investments, and even insta...
Editor’s Choice
- China says US Senate overstepped on Tibet bill
- Chinese NPC Tibetan delegation visits Denmark, expounds major achievements in Tibet
- China firmly opposes U.S. act on Tibet: spokesman
- Qinghai invests 372 mln yuan to renovate monasteries
- Chinese NPC delegation briefs French lawmakers on socio-economic achievements in Tibet
Latest News
- Egypt uncovers intact 4,400-year-old pharaonic tomb near Giza pyramids
- UN climate conference adopts rulebook for implementing Paris deal
- Service of Chinese Americans in World War II to be formally recognized
- Germany suffers severe Santa shortage as Christmas draws near
- 7-year-old in good health, border agents said; then she died
