Robotic Chain

A researcher in a technological company assembles robots in the robot incubation center of Tangshan Hi-tech Industrial Development Zone, north China’s Hebei Province, on November 22. In recent years, the zone has used the robot industry as an important driving force of economic restructuring and developed an industrial chain to commercialize the products. growing by no less than 200 billion yuan ($28.6 billion) annually.

The number of new privateenterprise clients will grow by 5,000 or higher each year, said ICBC President Gu Shu in an interview with Xinhua News Agency.

Financial institutions have been mobilized to optimize their credit services and enhance their risk control capabilities amid the nationwide efforts to ease the capital shortage of private firms.

China Construction Bank (CCB) has released 26 measures to further improve financial services for private enterprises.

One measure is to raise a seed fund of 30 billion yuan ($4.3 billion) which is expected to leverage a scale of funding worth 300 billion yuan ($43.2 billion) to support the development of technological innovationbased enterprises.

While guarding against risks, CCB also plans to bring the outstanding loans for inclusive finance to 1 trillion yuan ($143.8 billion) in the next three years and keep the non-performing loan ratio within 3 percent.