China points plan to help science and know-how finance

China on Friday issued a piece plan to help the science and know-how finance, together with establishing a inexperienced channel for bond issuance by tech companies, in keeping with a central financial institution assertion.

China will help banking monetary establishments to construct an unique organisational construction and threat management mechanism for science and know-how finance, the Folks’s Financial institution of China (PBOC) stated, citing the plan collectively issued with different authorities departments.

China will even strengthen coverage help for cross-border financing of tech companies, PBOC stated.

(Reporting by Ella Cao and Ryan Woo Modifying by Tomasz Janowski)

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