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In a recent announcement, Zou Lan, Vice Governor of the People's Bank of China, emphasized the importance of strengthening policy support to invigorate the market for movable property financing. As a pivotal financing avenue, movable property financing is increasingly emerging as a crucial tool for small, medium, and micro-enterprises (SMEs) to overcome financing challenges, thereby enhancing the inclusivity and accessibility of financial services. Currently, China's utilization rate of movable property remains relatively low, with a significant amount of idle movable property resources still untapped. To address this, the People's Bank of China aims to foster a healthy market ecosystem, unleash market potential, elevate the utilization rate of movable property, optimize resource allocation, and ultimately improve the financing accessibility for SMEs.
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