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Premier praises Tianjin support for medium, small and micro-sized enterprises

Updated: Jun 26,2016 9:20 PM     english.gov.cn

Premier Li Keqiang praised Tianjin’s financial support for medium, small and micro-sized enterprises during a visit to the city on June 26.

He learned the city set up a risk compensation fund to provide loans to medium, small and micro-sized enterprises, to help them gain their first loans. The fund will compensate for 50 percent of the actual loss of their non-performing loans. The small fund plays a big leverage role, which is worth popularizing.

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