Shanghai Banking and Insurance Regulatory Bureau: Blindly Withdrawing Loans, Cutting Off Loans to Private Enterprises Is Never Allowed

Cao Guangqun, deputy director of the Shanghai Banking and Insurance Regulatory Bureau, said at a press conference today that at present, some private enterprises still face a lot of difficulties.

Under the guidance of the China Banking and Insurance Regulatory Commission and the Shanghai Municipal Party Committee and Municipal Government, the Shanghai Banking and Insurance Regulatory Bureau will guide banking and insurance institutions to focus on solving the urgent and anxious problems of private enterprises, broaden the financing channels of private enterprises, and improve the quality and efficiency of financial services.

Blindly withdrawing loans, cutting off loans, and suppressing loans to private enterprises.