‘Set up in­clu­sive fi­nance depart­ment’

New Straits Times - - Business -

SHANG­HAI: China’s State Coun­cil has asked the coun­try’s big com­mer­cial banks to set up “in­clu­sive fi­nance” de­part­ments by the end of the year to sup­port small busi­nesses, en­trepreneurs and farm­ers, and help al­le­vi­ate poverty, state news agency Xin­hua re­ported yes­ter­day. Growth in lend­ing to small and mi­cro busi­nesses should at least match over­all loan growth while the num­ber of bor­row­ers in that cat­e­gory should not shrink on a yearon-year ba­sis, said Xin­hua.

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