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China Regulator Asks Banks to Boost Lending to SMEs

CHINA PRESS
MNI (Sydney)

China's five major banks should increase lending to SMEs by more than 30% this year, according to a website statement released on Sunday by the China Banking and Insurance Regulatory Commission. Banks should ensure these micro loans match the rate of growth of other loans and that lending rates be stable at 2020 levels, the regulator said. Large banks should strive to achieve a higher number of new SME clients than last year and include the proportion of "first-lenders" in their internal performance indicators, the regulator said.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
Energy BulletsCommodities
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
Energy BulletsCommodities

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