More financing options likely soon for smaller enterprises

China will further promote financing services for small and microenterprises this year based on two principles - keeping risks controllable and making the lending business commercially sustainable, said officials of the China Banking and Insurance Regulatory Commission on Friday.

"The banking and insurance regulator will optimize regulatory measures, guiding banks to continue increasing their lending to small businesses and enlarging the scope of micro and small companies that obtain bank loans," said Zhang Jinping, deputy director of the financial inclusion affairs department at the CBIRC.

The regulator will push ahead with corporate information integration among different government departments such as the administration for market regulation and tax, so that banks can easily access the operational and financial data of small businesses, in addition to urging banks to improve their internal management mechanisms and to make different evaluation policies for small business lending, said Zhang at a news conference.