Innovative financing for private enterprises
Dec 06-2018
For the second time this month, Prof. Huang Yiping of NSD advocated stronger support to private enterprises. He made the call in his speech at 2018 Global Fintech (Beijing) Summit on November 17th. In his view, regulatory authorities should actively support financial innovations that are market-based, private-enterprises-oriented and risk-covered. More concretely, in the short term, efforts should be made in three areas: awarding licenses, opening up the credit system, and solving the issue of opening accounts remotely. To tackle the financing conundrum of private enterprises, government policy can play a role in the short term but marketization is the way out in the long term. Earlier this month, he offered insights on private enterprises at a meeting convened by Chinese premiere Li Keqiang.
