Small banks' risk control in policy spotlight

Authorities will expand channels for SME lenders to better serve economy

China will deepen reform of smaller banks to strengthen their risk management capability and to enable financial institutions to better serve the economy, according to a meeting of the national financial authority.

The meeting held by the State Council's Financial Stability and Development Committee on Wednesday said that China will broaden channels for medium-sized and small banks to replenish capital, improve their capital structure and boost their ability to serve the economy and manage financial risks.