messages.role: user
messages.content: summarise the China financial support news in 50 words: "China’s central bank, the People’s Bank of China (PBC), has announced plans to increase financial support for private enterprises in the country. This move comes as China aims to boost confidence in private enterprises, which are crucial for the nation’s economic growth. The new guidelines will focus on addressing the financial difficulties faced by private companies and will encourage financial institutions to provide more loans and support more bond issues. The PBC aims to maintain reasonable and sufficient liquidity and direct more financial resources to private enterprises and small and micro-sized enterprises. Private enterprises have a higher demand for financing but often receive less support compared to state-owned enterprises. The increased support aims to provide more tools and smoother financing channels for banks and reduce risks in issuing loans. The move is expected to stimulate economic recovery and improve domestic demand. The new guidelines are part of China’s broader efforts to boost the growth of the private economy, improve the business environment, and strengthen policy support. Many financial institutions and representatives from private enterprises participated in a meeting discussing these plans. Private companies make up 63% of those listed on the Shanghai and Shenzhen markets, and their combined market capitalization accounts for 41% of the total. The China Securities Regulatory Commission (CSRC) also plans to use various tools, including stocks, bonds, and real estate investment trusts, to support the development of the private economy. Bank of China has announced increased credit support for key industries such as integrated circuits, new energy, automobiles, and power lithium batteries."