This year, SMEs in Wenzhou, private loans debt crisis triggered by the intensified and Wenzhou, the local government has already taken positive steps to support SME credit. ratchet tie dowm Wenzhou City Finance Office, according to relevant sources, the end of September, Wenzhou City, Zhejiang Province, the government submitted to "require the applicant on the loan and then asked the Financial Stability", by the provincial government to come forward and apply for financial stability to the People's Bank of refinancing $ 60 billion. period of one year, specifically to support the banking institutions in Wenzhou financing to increase the size of enterprises in difficulty, to prevent systemic risks and safeguarding the local financial stability. Yesterday, Bank of Ningbo,booster cables said an additional 1 billion yuan of special funds, the more the economy with wind and rain and Ou, and closely aligned with the industry in Wenzhou.
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