Banks expected to strengthen private business services

China Banking Regulatory Commission (CBRC) has undertaken frontline investigation to solve the lingering problem of funding for small and medium-sized enterprises (SMEs). The research results will be handed in to the State Council.

"Under tightened monetary policies, we should pay more attention to satisfy the funding demands for SMEs that comply with the industrial development arrangement," said Yang Jiacai, an official with CBRC, when conducting the market surveys in Shenzhen.

"We will encourage the national banks and other banking institutes to expand their network and services and improve their risk management to grow up with the SMEs," he noted.