Time to ease bank rules

This country does not lack banks to provide financing to small and medium-sized enterprises (SMEs), what it lacks are measures to ease market access controls, says an article in Beijing News. The following is an excerpt:

The National Development and Reform Commission is considering establishing a bank to specialize in lending to SMEs in an effort to broaden their sources of finance, especially at this time of tightened monetary policy.

SMEs' difficulties in getting loans have long existed. Efficient measures, however, have failed to be taken, and these difficulties are increasingly jeopardizing their business. In such circumstances, establishing an exclusive bank will be of great help, but it is not enough.