The Chinese government has pledged more aid from the country’s financial institutions to boost its outsourcing industry, officials said Wednesday.

Recommendations issued jointly by China’s central bank, commerce ministry and banking, securities, insurance and foreign exchange regulators, included efforts to expand service outsourcing companies’ access to financing via the country’s capital markets, such as by encouraging companies to carry out share and debt offerings, according to a statement posted on the Web site of the People’s Bank of China.

It also said regulators would aim to reduce foreign exchange risks for the service outsourcing industry, in part by encouraging service outsourcing companies to settle offshore business with yuan.

Outsourcing companies were encouraged for listing in equity markets both at home and abroad to raise fund to increase their competitiveness. Financial authorities should roll out measures in details in line with local situations by the end of this month and put them into place.

Service outsourcing companies provide professional services to other businesses, allowing them to concentrate on their core operations.