Bank mulled to support smaller companies
By Cai Cai | China Daily | Updated: 2008-09-22 07:42
China is considering setting up a small- and medium- sized enterprise (SME) bank to help the country's myriad smaller companies overcome financing difficulties.
Sources with China National Development and Reform Commission (NDRC) revealed that the NDRC is currently joining with other government departments and organizations to discuss and study the possibility of establishing a SME bank.
The government departments and organizations include the Ministry of Finance, People's Bank of China, and China Banking Regulatory Commission.
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