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Govt ramps up efforts to support sci-tech startups--China Economic Net en.ce.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.ce.cn Daily Mail and Mail on Sunday newspapers.
The China Banking and Insurance Regulatory Commission's Anhui and Tianjin offices guided banks and insurers in their jurisdictions to increase supply of financial resources to innovation-intensive companies, in keeping up with the increased necessity of technological breakthroughs to continue pushing economic growth. ....
As of the end of August, the outstanding balance of loans to these 12 spotlighted industrial chains reached 88.3 billion yuan, up 39.4 percent year-on-year. ....