• Contcat Us
Tuesday, October 28, 2025
Nigeria Today
  • Home
  • News

    Designate Katampe Hill & Waterfalls as National Park — Ex-Head of Service Urges FG

    China And Nigeria Reaffirm Strategic Partnership at PRC’s 76th Anniversary Celebration

    Experts, Diplomats Discuss Global Governance Initiative at Abuja Seminar

    China Commissions 15th Chinese Corner in Abuja to Boost Cultural and Educational Exchange

  • World

    Bangladesh prime minister resigns, flees country after deadly protests

    U.S Supreme Court disqualifies Trump from 2024 presidency

    Calling President Xi a dictator ‘absurd and irresponsible’, China tells Biden

    Biden and China’s Xi met for three hours. Here’s what they talked about

  • Nigeria

    NCSP DG Urges Legislative Action to Deepen Nigeria-China Economic Cooperation

    FG Abandons Lagos-Calabar Coastal Highway Route, Reverts to Original Alignment

    Chinese-constructed light rail helps ease traffic flow in Nigeria’s Lagos

    We’ll Work With President-Elect Tinubu On Economy, Security & Job Creation – Chinese Envoy

  • Politics

    APC Affirms One-China Principle, Lauds Nigeria-China Partnership

    China’s national legislature opens annual session in Beijing

    Key highlights of President Xi Jinping’s meeting with President Tinubu

    Gov Uba Sani Engages CCECC in Beijing to Boost Kaduna State Projects

  • Opinion

    The One-China Principle and the UN Resolution 2758: Why they still matter for Nigeria and the world

    Implementing the Global Governance Initiative for a Community with a Shared Future for Humanity

    China: Africa’s Most Reliable Companion on Africa’s Path to Development

    My China Story: A Journey Through Beijing, Wuxi, and Qingdao

  • Sport

    Chinese Ambassador’s Cup: 2025 Wushu Championship Set to Hold in Abuja

    2025 World Relays: Chinese Embassy Refutes Claims of Visa Delays for Nigerian Contingent

    Haopeng Cup: CGC Wins 2024 CGCCN Basketball League

    China wins 12 Olympic swimming medals in Paris, shrugs off doping row

  • Culture

    China & Nigeria Celebrate International Day for Dialogue Among Civilizations

    Nigerian Students Shine at 24th Chinese Bridge Competition in Abuja

    China Marks 2025 International Chinese Language Day in Abuja

    Chinese Embassy in Nigeria Celebrates 2025 Spring Festival with Temple Fair

  • Videos
No Result
View All Result
  • Home
  • News

    Designate Katampe Hill & Waterfalls as National Park — Ex-Head of Service Urges FG

    China And Nigeria Reaffirm Strategic Partnership at PRC’s 76th Anniversary Celebration

    Experts, Diplomats Discuss Global Governance Initiative at Abuja Seminar

    China Commissions 15th Chinese Corner in Abuja to Boost Cultural and Educational Exchange

  • World

    Bangladesh prime minister resigns, flees country after deadly protests

    U.S Supreme Court disqualifies Trump from 2024 presidency

    Calling President Xi a dictator ‘absurd and irresponsible’, China tells Biden

    Biden and China’s Xi met for three hours. Here’s what they talked about

  • Nigeria

    NCSP DG Urges Legislative Action to Deepen Nigeria-China Economic Cooperation

    FG Abandons Lagos-Calabar Coastal Highway Route, Reverts to Original Alignment

    Chinese-constructed light rail helps ease traffic flow in Nigeria’s Lagos

    We’ll Work With President-Elect Tinubu On Economy, Security & Job Creation – Chinese Envoy

  • Politics

    APC Affirms One-China Principle, Lauds Nigeria-China Partnership

    China’s national legislature opens annual session in Beijing

    Key highlights of President Xi Jinping’s meeting with President Tinubu

    Gov Uba Sani Engages CCECC in Beijing to Boost Kaduna State Projects

  • Opinion

    The One-China Principle and the UN Resolution 2758: Why they still matter for Nigeria and the world

    Implementing the Global Governance Initiative for a Community with a Shared Future for Humanity

    China: Africa’s Most Reliable Companion on Africa’s Path to Development

    My China Story: A Journey Through Beijing, Wuxi, and Qingdao

  • Sport

    Chinese Ambassador’s Cup: 2025 Wushu Championship Set to Hold in Abuja

    2025 World Relays: Chinese Embassy Refutes Claims of Visa Delays for Nigerian Contingent

    Haopeng Cup: CGC Wins 2024 CGCCN Basketball League

    China wins 12 Olympic swimming medals in Paris, shrugs off doping row

  • Culture

    China & Nigeria Celebrate International Day for Dialogue Among Civilizations

    Nigerian Students Shine at 24th Chinese Bridge Competition in Abuja

    China Marks 2025 International Chinese Language Day in Abuja

    Chinese Embassy in Nigeria Celebrates 2025 Spring Festival with Temple Fair

  • Videos
No Result
View All Result
Nigeria Today
No Result
View All Result
Home Business

China unveils measures to boost financing for businesses

by Nigeria Today
October 14, 2024
Reading Time: 2 mins read
0
6
SHARES
6
VIEWS
Share on FacebookShare on Twitter

China will step up financing support for enterprises by incorporating quality credibility into lending decisions, said Luo Wen, head of the State Administration for Market Regulation on Monday.

Financial institutions will factor in a company’s quality management and brand reputation when evaluating loan applications, Luo said at a press conference, adding that the move is expected to improve businesses’ access to financing.

Beyond traditional loans, China will also promote the use of equities, funds and bonds to create comprehensive financing channels for companies. The initiative aims to secure an additional 300 billion yuan (42.4 billion U.S. dollars) in quality-based credit approvals annually, benefiting enterprises across various sectors, said Luo.

Luo called for efforts to provide tailored financial products and services for micro, small and medium-sized companies, including differentiated credit limits, interest rates, financing terms and repayment options.

The financing initiative is part of measures introduced at Monday’s press conference to stimulate the vitality of business entities, step up support for companies and bolster the economy.

To boost the online development of micro, small and medium-sized companies, Luo said platform enterprises are encouraged to leverage their traffic to help sellers, especially agricultural product sellers and new entrants, in enhancing brand recognition and expanding sales.

To further assist individually owned businesses, Luo said more targeted policies related to taxation, social security, employment and financing will be rolled out.

Official figures show that as of the end of August, China had registered 125 million individually owned businesses, accounting for two-thirds of the country’s total business entities.

Luo said China will also accelerate the revision of industry standards to give a boost to the large-scale equipment upgrades and trade-ins of consumer goods, which was launched this year to expand domestic demand.

Under this initiative, factories are encouraged to replace old machines with advanced new ones, and individual consumers can enjoy subsidies on automobiles and home appliances, among others.

China will upgrade technical standards for energy consumption and emission, raise product quality and safety standards, and enhance recycling standards to drive growth in equipment upgrades and consumer goods replacement, Luo added.

 

Source: Xinhua Editor: huaxia

Tags: CHINA

Related Posts

Business

Chinese Firms Invested Over $1.3bn in Nigeria’s Lithium Processing Projects – Alake

October 27, 2025
Business

China’s GDP Expands 5.2% In First Three Quarters of 2025

October 20, 2025
Business

China’s Industrial Output Up 6.5% In September

October 20, 2025
Business

China sees 888 million domestic trips during eight-day holiday

October 9, 2025
Business

Latest holiday spending pattern clear evidence of Chinese economy’s resilience, growth potential

October 9, 2025
Business

China to establish Africa’s first local insulin production facility in Nigeria

September 25, 2025
Next Post

Nigeria-China Relations: A New Era of Cooperation

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

Chinese Firm Not Involved In Shooting Of Immigration Officer – CGCCN

March 28, 2025

China Chamber of Commerce refutes media reports of alleged discrimination at Chinese Supermarket

April 22, 2024

FCT Schools win big at 2024 China-Nigeria Cultural Fiesta & Dancing Competition

November 7, 2024

China’s Independent Policy Of Peace And Friendly Cooperation

October 25, 2022

New Chinese Corner Inaugurated at FCT School

October 29, 2024

EDITOR'S PICK

Arik Air Returns To Ilorin, Asaba 

December 19, 2022

JAMB Suspends UTME Registration Agents For Alleged Extortion

February 1, 2023

EXCLUSIVE INTERVIEW WITH CHARLES ONUNAIJU, DIRECTOR, NIGERIA CENTER FOR CHINA STUDIES

November 3, 2022

Nigeria Reverts to Old National Anthem ‘Nigeria, We Hail Thee’

June 1, 2024
Facebook Twitter Youtube Whatsapp

About

Nigeria Today is a platform dedicated to bringing you precise and accurate news and information about Nigeria.

Follow us

Categories

  • Africa
  • Art and life
  • Business
  • China
  • Culture
  • entertainment
  • Health
  • News
  • Nigeria
  • Opinion
  • Politics
  • POPULAR NEWS
  • Science
  • Sport
  • Tech
  • Travel
  • Uncategorized
  • Videos
  • World

Recent Posts

  • Stakeholders Renew Call for Stronger Government Action on Cancer
  • The One-China Principle and the UN Resolution 2758: Why they still matter for Nigeria and the world
  • Implementing the Global Governance Initiative for a Community with a Shared Future for Humanity
  • Chinese Firms Invested Over $1.3bn in Nigeria’s Lithium Processing Projects – Alake

© 2022 Nigeria-Today - News & Magazine

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Politics
  • World
  • Nigeria
  • Opinion
  • Sport
  • Culture

© 2022 Nigeria-Today - News & Magazine