Money
CBRC to give more tolerance to small firms' bad loans
Updated: 2011-02-25 17:49
By Zhi Yun (chinadaily.com.cn)
The China Banking Regulatory Commission (CBRC) indicated they would gradually carry out a differentiated regulatory policy on small-sized enterprises' financial services, stcn.com reported Friday.
That includes appropriately softening the terms for small-sized enterprises to apply for entrance in the financial service market. It will also include widening the liability channel of small-sized enterprises by issuing special financial bonds, encouraging commercial banks to develop financial services for small-sized enterprises and give more tolerance to small-sized enterprises' bad loans.
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