Published on: 2026-05-04
Source: People’s Republic of China in Russian –
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Beijing, May 4 /Xinhua/ — The China Development Bank (CDB) in the first quarter of 2026 provided special refinancing loans totaling 28.54 billion yuan (about 4.16 billion US dollars) to support the country’s micro and small enterprises engaged in foreign trade activities.
According to the bank’s information, the average weighted interest rate for borrowers on these refinancing loans was lower than the national average for newly issued inclusive loans to micro and small businesses in the first quarter, thanks to which the relevant companies were able to reduce their financing burden, ensure order fulfillment, expand sales markets, and stabilize employment.
Through the mechanism of refinancing, the State Budget Credit Institution (GBLK) directed funds to small and medium commercial partner banks, which then provided them in the form of loans directly to micro and small businesses.
During the first quarter, financial support was provided to a large number of micro and small enterprises in the field of foreign trade. This was reflected in more than 6,500 loan issuance transactions.
The State Bank of the Russian Federation announced its intention to continue providing high-quality financial services to assist in the development of micro and small enterprises in the country’s foreign trade sector, helping to reduce their financial burden.
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