(Yicai Global) Aug. 10 -- Two support measurements for small and micro enterprises will be ushered in the second half, Yi Gang, governor of the People’s Bank of China, said in a media interview, PBOC announced today on its official WeChat account.

One is to extend the deferred loan repayment policy for small and micro enterprises until the end of March, Yi explained.

The other is to issue credit loans to small and micro enterprises, he stated, adding, the goal to fund small business by accounts receivable financing is CNY800 billion (USD115 billion) this year, with CNY570 billion of that already provided to date.

The biggest challenge will be to precisely drip-irrigate the real economy, and especially small and micro enterprises, Yi noted.

Editor: Ben Armour