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China has more than 4,000 small and medium-sized banks, with total assets of about 77 trillion yuan. These banks have limitations in management capacity, and their targeted clients are usually micro, small and medium-sized enterprises. During the novel coronavirus outbreak this year, small and medium-sized banks were noticeably affected by the pandemic, said Cao Yu, vice-chairman of the China Banking and Insurance Regulatory Commission, at a news conference on April 22.
China has been working to translate its growing economic might into real influence in the ways of having greater voices in global price-setting and making its currency play a bigger role on the global stage.
China has come up with supportive policies since 2016 to promote green financing, including offering interest subsidies through refinancing and professional guarantees, as well as setting up a national green development fund.
China has decided to roll out a number of supportive policies to reduce the operational costs of enterprises, increase investment in infrastructure to generate growth and improve people's livelihoods.
China did not and will not use exchange rates as a measure to cope with trade disputes, and the United States labeling the country as a "currency manipulator" is inconsistent with the quantitative criteria set by the US Treasury itself, the central bank said on Tuesday.
来源：资阳报