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BIZCHINA / Center
Small businesses to have better access to loans
By Zhan Yisi (China Daily)
Updated: 2007-09-15 11:39
Led by the China Banking Regulatory Commission (CBRC), 46 banks and other
financial institutes as well as 55 other fund-raising agencies will be
present at the fourth China International Small and Medium Enterprises
Fair and China-Japan Small and Medium Enterprises Fair, which open on
September 15.
?Vice governor of Guangdong Province Tong Xing (center) meets foreign
business people at the fourth China International Small and Medium
Enterprises Fair (CISMEF) on September 15. Improving financial services
to small businesses and offering more tailored financial products will be
a win-win step for both small firms and banks. [China Daily]
They will attend the signing ceremony for granting loans to enterprises
and the fund-raising forum for small enterprises, as well as promote
financial products tailored to such firms and seek to forge new
cooperative ties.
At a recent press conference in Guangzhou, Liao Min, deputy director of
CBRC's general office, said that the commission is taking steps to give
small businesses better access to loans.
Among its moves are the recent joint endeavor with the National
Development and Reform Commission to seek permission of the State Council
to remove obstacles restricting small enterprises from applying for
credit from commercial banks, as well as its efforts to improve policies
and regulations promoting loan financing for small enterprises, and its
efforts to map out new policies to reward banking institutions that have
a good record of granting credit to small firms.
(For more biz stories, please visit Industry Updates)
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