l mortgage loans in 2002. The governme

The MOF said on its website the country had invested nearly 17 billion yuan through 2007 to set up six special funds to support small- and medium-scale companies. These included a technology innovation fund▓, an overseas marketing fund, an agricultural science and technology application fund, a

small- and medium-scale enterprise subsidy fund, a small- and medium-sized compani

es development fund and a small- and medium-scale firm platform

fund. In a similar development, the People's Bank of China, the central▓ bank, announced on Monday the country's financial institutions would raise the ceiling of small-scale mortgage loans from 1 million yuan to 2 million

nt placed helping small

yuan to help them better fund their businesses. State

  • comp▓anies and increa
  • sing employment as one
  • of its top pr
  • iorities this year.
  • It promise