January 11, 2017 / 11:37 AM / a year ago

UPDATE 1-China to expand funding channels for small firms

(Adds details of statement)

BEIJING, Jan 11 (Reuters) - China will expand funding channels for small and medium-sized firms, according to a statement posted on the website of its State Council, or cabinet, citing a meeting led by Premier Li Keqiang.

Regional share markets should develop in line with regulations, the statement added, and focus on servicing the needs of small and medium-sized firms.

These measures are important aspects of China’s supply side reforms and efforts to improve multiple levels of capital markets. (Reporting by Beijing Monitoring Desk and Sue-Lin Wong; Editing by Jacqueline Wong)

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