SHANGHAI: China has established a unified national financing registration system that uses movable property and rights as pledges, which is expected to increase loans for small and medium-sized enterprises and improve the overall business environment.
The unified system has been expanded across the country since Jan 1, after pilot programmes were conducted in four cities – Beijing, Shanghai, Chongqing and Guangshou in Guangdong province, central bank officials said at a news conference.
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