China Banking and Insurance Regulatory Commission: Optimize foreign trade financial services in the manufacturing industry, and support manufacturing enterprises such as automobiles and home appliances to “go global”

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 Titanium Media App reported on July 11 that the General Office of the China Banking and Insurance Regulatory Commission issued a notice to further promote the high-quality development of the financial services manufacturing industry. Banking institutions should expand the scale of medium- and long-term loans and credit loans in the manufacturing industry, focusing on supporting high-tech Emerging industries, promote the development of advanced manufacturing clusters, and improve the independent innovation capabilities of manufacturing enterprises. Increase mid- and long-term financial support for traditional industries in terms of equipment renewal, technological transformation, and green transformation and development. Focusing on market players such as high-tech enterprises, "specialized, refined and new" small and medium-sized enterprises, and technology-based small and medium-sized enterprises, we will increase the amount of credit loans and first loans. Improve financial services for anti-epidemic and disaster relief, strengthen financial guarantees for the production and supply of key medical materials, and support key technological breakthroughs and innovative development in the high-end medical device industry. Optimize foreign trade financial services for the manufacturing industry, and support manufacturing enterprises such as automobiles and home appliances to “go global”.

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