Banks told to innovate lending
Print Edition
Chinese economists have urged banks to be innovative in lending to capital-thirsty small firms to help them weather the economic downturn.
Banks and policy makers should innovate to address the difficulties small firms always meet in raising capital because of inadequate guarantees, economist Cheng Siwei said on Monday during a forum on small firms’ development.
He advised banks to consider whether they could “allow small firms to pledge their receivables or orders as securities for loans.”
Li Zibin, president of the Chinese Small and Medium-Sized Enterprise Association, said patent technology should be accepted for small firms to get the loans they so badly need in their start-up, a practice in some countries.
Delegates said private banks and Internet financial firms can also help them.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
