Lenders hike support to SMEs

Commercial banks in Taizhou seek ways to help solve funding difficulties of small companies

Commercial banks in Taizhou, a coastal city in East China's Zhejiang province, are searching for ways to support small-and medium-sized enterprises to solve financial difficulties which could pose credit risks and slow down regional economic growth.

Li Rengen and his family own three companies in Taizhou. One of the companies, Zhejiang Flap Prosperous Sewing Machine Accessories Co Ltd, started making sewing machines in 2006, and Li is planning to move it to a new place next year.