ABC grants loans of over RMB100 B for SMEs

ABC will implement nine financial and fiscal policies supporting the small and micro enterprises enacted by the State Council.

The bank had formulated a series of policies and measures to support the SMEs by granting more loans, reducing their funding costs and further enhancing financial services for them.

As for the specific measures, Mr. Guo Haoda pointed out that ABC would strengthen its support for the SMEs in the following three aspects.

First, to grant more loans so as to satisfy their reasonable funding need.

Second, to regulate the management of interest rate and charges so as to tangibly reduce the funding costs of the SMEs.

Third, to enhance financial services for the SMEs by improving institution building and business process, accelerating the promotion and innovation of financial products, and opening up new funding channels for SMEs, so as to improve the service level for the SMEs.