(Yicai) Aug. 30 -- Detailed policy measures to give financial support to private businesses in China will be unveiled within a short time, an official at the country’s central bank said.

The first draft of the policy document is ready and will be released in the near future after feedback from government departments, Ma Jianyang, deputy director of the financial markets department at the People's Bank of China, said at a symposium of business leaders today.

The government outlined 31 measures to support the private sector on July 19, since when the PBOC has knuckled down to study and formulate the details. The measures include hiking investment in financial resource factors, giving full play to the role of multi-level capital markets, facilitating cross-border financing, and strengthening policy incentives, Ma said.

The heads of five private companies, including auto parts maker Wencan Group, cable producer Hengtong Group, and wind power equipment manufacturer Titan Wind Energy, along with those of Industrial and Commercial Bank of China,the country’s biggest lender, and four other financial institutions spoke at this afternoon’s meeting.

Representatives from a number of other private businesses such as real estate developers Longfor Group and Seazen Holdings, as well as more than 10 major Chinese commercial banks, also attended.

“We hope to use this symposium as an opportunity to require financial institutions to set annual service targets for private enterprises and increase the weight of private enterprise support services in performance appraisals, thereby increasing support for private firms,” Ma said.

The PBOC will guide financial institutions to continue to boost credit to private enterprises, expand the scale of corporate bond financing, support the listing and refinancing of private enterprises, and provide high-quality businesses with trade and foreign exchange receipts and payment facilitation services, he added.

Editor: Dou Shicong