The central bank will formulate inclusive credit plan dedicated to MSEs, increase financial support and lower the financing costs for MSEs through government-backed financing guarantee, Liu added.
The city's struggling retail sector sees no light at the end of the tunnel as almost six months of violent protests continued to grip the city, with the government announcing the worst slump in retail sales for a single month.
The city moved out 500 wholesale markets and logistics centers last year, freeing up "precious" space for new industries.
The change came after Aytursun moved to a new community in Aktax township, about 20 kilometers from Yecheng's downtown area, from a village in a mountainous area some 60 km further away.
The central government announced its decision to set up the new regulatory body at the National Financial Work Conference in mid-July.
The center is a four-story building in the northern part of Nanchang. It was established in 2001 and was licensed as a social service organization in 2010. It accepted preschool children with hearing or speaking disabilities and charged 18,000 to 28,000 yuan (,600 to ,100) per child annually.
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The city therefore needs a stable environment to maintain its status as a financial center, Stephen Wong said, adding that the US law can threaten Hong Kong's independent tariff treatment and as a result lead to a possible decrease in the city's shipping and cargo transit volume.
The central government released a series of policies to promote balance between outright home sales and property rentals, as part of an effort to cool the overheated real estate market and meet the growing demand for accommodation, industry insiders said.
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 66 basis points to 6.4401 against the US dollar Thursday after three days of strengthening.
The central bank governor warned that trade tensions could bring downside risks to the global economy in terms of negative expectations and uncertainties, putting pressure on market sentiment.