Why China’s Smaller Businesses Are Struggling to Access Credit

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Apr 2020
China, April, 28 2020 - In the past, risk-averse banks would fund the microfinance lenders instead and they, in turn, would lend money to SMEs, taking on the risk of default. But a combination of policies, from denying official licences to almost all such lenders to a regulation known as Document 141, has put a stop to this.

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Source : Financial Times
 

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