03-09-2008, 04:23 AM
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Join Date: Jan 2007
Posts: 13,913
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China's banking regulator urges more credit for small enterprises
Chinese banks were urged by the industry regulator on Tuesday to use the recently expanded loan quota to "truly" support small enterprises, which are having a difficult time amid rising costs and tightening credit.
Financial institutions must "make maximum use" of the increased quota for the development of small enterprises and make sure lending to those companies rises faster than overall loan growth, said the China Banking Regulatory Commission (CBRC) in a statement.
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