CHINA TO OPEN UP MORE CREDIT LINES FOR SMALL BUSINESSES

Posted by Joachim Bartels | Dec 30, 2010 | China, Information Solutions for SMEs | 0 |

China’s banking regulator would open up more credit lines for small enterprises this year despite the recent government clamp-down on excessive lending. The remark was made Tuesday by Xiao Yuanqi, chief of the banking supervision department II of China Banking Regulatory Commission, according to Wednesday’s China Daily. “Commercial lenders should ensure that the amount of new loans they advance to small enterprises this year exceeds that of last year, and the pace of such loan growth in 2010 must be faster than the average level of credit growth in the previous year,” Xiao also said the requirement was mandatory, warning lenders could face market access restrictions or differentiated supervision if they fail to adhere to the call. Source: Xinhua

BIIA Newsletter March II – 2010 Issue

About The Author

Joachim Bartels

Joachim C Bartels is a co-founder, managing director and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

The BIIA library is approaching 10,000 news items and best demonstrated practices. BIIA members receive regular news alerts on key developments in the industry and the regulatory environment. The BIIA readership is widespread: between 4 to 5 thousand unique visitors access BIIA.com per month.