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China's banking and insurance regulator announced on Wednesday it had issued a notice to local regulators and banking institutions, demanding they further improve the quality and effect of financial services for small and micro-sized enterprises.
China's banking and insurance regulator recently issued guidelines that require banking and insurance institutions to offer comprehensive financial solutions to companies in the upstream and downstream of a supply chain based on real business transactions, making a new effort to tighten regulation of supply-chain finance.
China will strengthen services and help solve operational difficulties for global companies in order to stabilize the long-term business confidence of foreign investors amid the economic fallout of the COVID-19 pandemic, government officials said on Thursday.
China's biometric identification sector has been experiencing a surge in demand for its services in recent years, according to ibaogao.com, a market research reports website. In 2015, its revenue reached more than 10 billion yuan (.6 billion), and the figure is expected to hit 30 billion yuan by 2020, with a compound annual growth rate of 24.6 percent.
China will keep a prudent monetary policy, maintain market liquidity at a reasonably ample level, and take rational steps in structural deleveraging, Wang told the paper.
来源：资阳报