Improving inclusive loans to small firms

BEIJING: China will continuously improve financial service supplies for micro and small businesses this year, steadily increase bank credit, optimise credit structure and promote a reduction of comprehensive financing costs, said the China Banking and Insurance Regulatory Commission (CBIRC).

The regulator has recently issued a notice, saying that the banking sector should continue to achieve increases in the growth rate of inclusive loans to micro and small businesses and increases in the number of such businesses that obtained inclusive loans.