Financial Supervision
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Propose the introduction of a personal bankruptcy law? The State Administration of Financial Supervision has responded
Source | China Government Network
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The State Administration of Financial Supervision responded to netizen suggestions: actively cooperate with the legislative body to conduct research and demonstration on issues such as whether personal bankruptcy should be legalized
In response to the problem of financing difficulties and expensive financing for private enterprises, the State Administration of Financial Supervision responded: In November 2023, eight departments including the People\’s Bank of China and the State Administration of Financial Supervision issued the \”Notice on Strengthening Financial Support Measures to Support the Development and Growth of the Private Economy\” to continue to increase credit resources. 25 measures were proposed in terms of investment and other aspects. Next, the State Administration of Financial Supervision will strictly implement the requirements of the notice, guide banking financial institutions to continue to improve financial services for private enterprises, urge banking financial institutions to increase support for first loans and credit loans, strengthen technological empowerment, and develop credit suitable for private enterprises. similar financing products and continued to expand the scale of credit loans.