More Money to Fund SMEs
[2009-02-26 09:42:10]
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The central bank has said it was speeding up the drafting of codes to allow non-deposit taking companies and individuals to establish lending businesses.
"The codes will help build a multi-level credit market," Zhang Jianhua, a senior researcher at the central bank said.
The move is expected to widen the source of funding to the cash-strapped small- and medium-sized enterprises (SMEs).
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| Source:chinadaily.com.cn |
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