Li: Smaller firms need easier credit

Lenders should make loans more readily available at better terms

China will do more to ensure that its smaller enterprises enjoy ready access to affordable credit, a State Council executive meeting chaired by Premier Li Keqiang decided on Wednesday.

Financial institutions will be incentivized to be more supportive of smaller businesses, and the regulatory approach and evaluation format for these institutions will be improved to ensure timely financing is available for targeted businesses, policymakers decided.