China's cabinet unveils steps to bolster investment
[BEIJING] China's cabinet has unveiled detailed measures, including widening financing channels for firms and establishing new equity funds, to support investment and economic growth.
China will widen financing channels for firms and support asset securitisation, allowing investment projects to raise funds in corporate bond markets, according to guidelines issued by the State Council.
China will establish market-based industrial equity investment funds and encourage participation of banks, insurance firms and the national social security fund, according to the guidelines published on the central government's website.
The steps will help "deepen investment and financial system reforms and give full play to investment in stabilising economic growth, adjusting the economic structure and improving people's livelihood", the cabinet said.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons