Digital lending moves to ease financing woes

Efforts set to help commercial banks expand credit options for small firms

China should build technological capabilities and explore digital lending options to address the financing problems of micro and small enterprises, experts said.

"If we can make breakthroughs in digital financial inclusion, financing costs of small businesses would be reduced significantly. China can even be the global leader in this field with a solid data foundation, if we try hard," said Ding Yu, a senior consultant with the Chinese Academy of Financial Inclusion at the Renmin University of China.