Policy support on the way: NDRC

The government will support high-quality private enterprises to take leading roles in helping structural transformation, issuing debt bonds to ease funding pressure. Firms with good credit record to take leading roles in structural transformation Private companies facing short-term financing woes are expected to receive more financial and policy support in corporate debt issuance to overcome difficulties, with more detailed guidelines specifying criteria coming out soon, according to officials with the nation's top economic regulator. The government will support high-quality private enterprises－enterprises with good credit, to take leading roles in helping structural transformation, issuing debt bonds to ease funding pressure, the National Development and Reform Commission spokesperson Meng Wei said during a news conference on Thursday. "As the government has taken steps to take a relatively loose monetary stance specifically targeting small and medium-sized firms, financing and confidence of private enterprises may see some improvements in the next year as more policies take effect," said UBS economist Wang Tao.