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China will fight "at any cost" and take "comprehensive countermeasures" if the United States continues along its unilateral, protectionist path, a spokesperson with the Ministry of Commerce said Friday.
China's banking and insurance regulator in Zhejiang province want to expand the reach of microfinance to smaller companies that have never received bank loans before by promoting government's sharing of data on small businesses with banks and insurers.
China's banking and insurance regulatory body took over Baoshang Bank on Friday for one year, as the joint-stock commercial bank is exposed to serious credit risk, according to a statement jointly issued by the People's Bank of China and the China Banking and Insurance Regulatory Commission.
China will set up a committee under the State Council to oversee financial stability and development and the central bank will play a stronger role in macro prudential management and guarding against systemic risks, according to Xi.
China's central bank announced a targeted reserve requirement ratio cut at the end of September to encourage inclusive financing at commercial banks, such as credit support for small- and micro-sized enterprises, startups and agricultural production.
来源：资阳报