Central bank to help small companies make that tech push

Shanghai’s Songjiang district vice-head Gao Yiyi: "We will become an economic and tech innovation power in future." Gao was speaking to the media who visited Yangze River Delta and neighbouring cities in a 10-day trip sponsored by China News Service

SHANGHAI’s Songjiang district vice-head Gao Yiyi says the central bank of China People Bank of China (PBoC) has spoken to about 10 commercial banks to bankroll the push for small and medium-sized enterprises (SMEs) to embrace digital and artificial intelligence (A1).

“The central bank has put up 15 policies to support SMEs development. It has also rallied the support of 12 commercial banks to sign a deal to put the whole thing into operation.