Private firms get more support

Commercial lenders reiterate commitment to increase financing for the sector

Top financial institutions have responded proactively to President Xi Jinping's call for more steps to address the financing woes of private firms and reiterated their commitment and support for the same.

State-owned lender Bank of China Ltd was one of the first off the block after it unveiled a slew of measures on Friday to support private enterprises with the aim of stabilizing China's foreign trade and domestic investment.