China requires major banks to create inclusive financial divisions in 2017
Date: 16:33, 04-05-2017.
Almaty. May 4. Silkroadnews – China requires large banks to set up inclusive financial divisions in 2017, the newspaper “People’s Daily” writes.
China’s large commercial banks have been required to set up inclusive financial department this year to support small companies, agriculture, poverty relief and entrepreneurship, the publication said.
Such a decision was voiced at the State Council of China executive meeting.
The large banks, as it was stated, should become the backbone for the inclusive financing development. Their lending to small and micro enterprises should rise not slower than growth in all the loans.
