Yang Yue, member of the standing committee of the CPC Jiangsu Provincial Committee and head of the united front department, called for the province to step up efforts to help private firms ease financial difficulties. He made the remarks at a symposium on the promotion of the private economy held Saturday in Nanjing.
Yang said the symposium is held on the occasion of the province’s strengthened efforts for the implementation of the important speech made by General Secretary Xi Jinping when meeting with private entrepreneurs at the end of October.
It is important to implement the requirements made by Provincial Party Secretary Lou Qinjian on the measures to strengthen cooperation between private enterprises and financial institutions, and help private enterprises, in particular SMEs, ease the financing difficulties, he said.
To promote the development of the private economy, it is necessary to enhance the political stance and protect the development of the private economy so as to adhere to the drive of innovation and promote the development of financial innovation with the spirit of reform and enterprising, build a service platform and create a broader space for cooperation between banks and enterprises.
The Provincial Federation of Industry and Commerce signed a strategic cooperation agreement with the People's Bank of China Nanjing Branch and the Provincial Local Financial Supervision Administration. The Jiangsu Private Investment Holdings Co., Ltd. and Minsheng Bank Nanjing Branch signed a cooperation agreement to establish a relief fund for listed companies. It also signed a letter with CITIC Bank Nanjing Branch. The signing of the 30 strategic cooperation agreements between banks and enterprises will bring a total credit of 30 billion yuan.
(Source: ourjiangsu.com)
