Li urges banks to boost lending

Premier calls for additional fee cuts and more loans for small businesses

Chinese banks should further cut their fees and increase their loans to small businesses, Premier Li Keqiang said in a meeting with presidents of major Chinese banks and their administrators in Beijing on Friday.

Li said the banks should also dedicate more finance to development projects to foster domestic restructuring and to support cooperation with developed economies, both as a buyer of technology and expertise, and an exporter.