Cabinet highlights credit support for small firms
China’s cabinet on Monday unveiled details of financial support for the cashstrapped small businesses that play a key role in growth and employment. Credit growth to small enterprises should not be lower than total credit growth. The incremental amount should not be less than that recorded a year earlier, read a statement from the State Council. Village banks, credit companies and other small financial institutions are encouraged to set up branches in areas where small businesses are concentrated. Private banks, financial leasing companies and other financial companies are also encouraged to set up in those areas.