Banks ramp up lending to SMEs

CCB streamlines loan approval process with new ratings technique for companies

Large State-owned commercial banks have ramped up support for private and small businesses after government officials urged financial institutions to address financing difficulties of these enterprises.

China Construction Bank Corp, the second largest State-owned commercial lender in terms of assets, has been using financial technologies to help small businesses obtain loans more easily, while it is stepping up efforts to control lending risks effectively, said CCB executives.