China will study feasibility on establishing state financing guarantee fund, according to a file released to boost inclusive finance during 2016 and 2020 by State Council, the Chinese cabinet Friday.
Under the objective, China intends to bring appropriate and more efficient financial services in particular for such groups as small businesses and farmers.
China will also develop a batch of government-funded financing guarantee institutions or funds and found provincial re-guarantee institutions to crank up supports to small businesses and agriculture, rural areas and farmers Besides, efforts will be made to reasonably foster pilots for internal fund support within farmer cooperatives, build loss-absorbing capacity, strengthen related capital constraint, regulate and boost new rural finance cooperatives, support rural small-sum loan organizations and maintain financing supports for poor rural people to better serve agriculture, rural areas and farmers.
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