Both small and medium prove to be beautiful

China Development Bank plans to offer about 10 billion yuan of special credit loans annually for qualified small and medium-sized enterprises (SMEs) to go public on the to-be launched growth enterprise board (GEB), Li Zhiming, deputy chairman of the National Small & Medium Enterprises Council said.

"The long-awaited GEB is drawing near. The China Development Bank is negotiating with us to work together on the credit loans for the to-be listed SMEs," Li said at a venture capital and financing development summit in Beijing yesterday.

"The initial plan is to select 10 provinces as pilots. The annual credit loans are about 10 billion yuan."