This financial push is for real

The economic sector that produces goods and services coasts on innovative help from commercial banks, other financial institutions

Outside the ambit of corporate spotlights, without seeking to hog the limelight, China's financial institutions, or FIs, are quietly bringing about a revolution in the way critical funding reaches the real economy.

Ever since President Xi Jinping said, during the two-day National Financial Work Conference in July, that serving the real economy is the bounden duty and purpose of FIs, innovative lending has accelerated, bolstering the part of the economy that produces goods and services.