Tiny firms lack access to funding, says study

Business was steady for most micro-sized and small enterprises in 2014, but many of them found it difficult to get bank loans, according to a report co-released by Tsinghua University and CreditEase Corp on Friday.

The report was based on a survey of 1,367 micro-sized and small enterprises in 11 provinces covering different sectors.

The report said that 50 percent of the respondents saw their businesses increase last year, but they faced challenges from rising costs and fierce competition.