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Premier encourages banks to serve small enterprises

Updated: Jan 4,2019 10:14 PM

Premier Li Keqiang on Jan 4 conducted an inspection of the inclusive finance department of the Industrial and Commercial Bank of China.

The inspection followed his previous trip there three years ago.

According to a senior executive, the increasing number of loans to small and micro-sized enterprises doubled the average increase of all loans in 2018, with a considerable decrease in interest compared to the beginning of last year.

Seeing a poster saying, “Services for small and micro-sized enterprises mark the future for banks”, the Premier said that enterprises of this kind lay a solid foundation for the banking industry, so services in this field should be considered a priority for all banks.