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The Export-Import Bank of China (China Eximbank) will offer more support for the financing services of small and medium-sized enterprises (SMEs), Liang Xiang, its bank governor's assistant was quoted by the Economic Daily as saying.
Previously the bank put its service focus on large-sized enterprises and projects, but now it will provide service for more SMEs, Liang was quoted as saying.
China Eximbank is one of the country's three policy-oriented banks established in 1994. The bank is working on favorable policies to support SME financing, including lowering the threshold for loans to SMEs, said Liang at a recent seminar on international financing.
In the future, the bank will underscore the bolstering of mature collectively-owned and privately-owned enterprises of transparent financial situation, such as profitable listing firms and enterprises with famous-brand products, he said.
The bank will also give moderate support to growing collectively-owned and private enterprises with relatively transparent financial practices and competitive products, he said.
The bank is thinking of establishing a special fund to provide a guarantee for commercial bank direct loans to SMEs, he said.
(Xinhua News Agency November 9, 2005)
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