Financing for SMEs
Zhou: Since 2010, small and medium-sized enterprises (SMEs) have acquired more bank loans. Previously, large enterprises got most of the loans. But in 2010, large, medium-sized and small enterprises received almost the same amount of loans from commercial banks.
It is normal for capital prices to rise when the macroeconomic situation changes and the monetary policy switches from a moderately loose one to a prudent one. Enterprises of various sizes may all have to bear an increasing interest rate.
Small enterprises may suffer more from the increasing interest rate, so the government encourages commercial banks to give more support to them.
The central bank will incorporate more information about SMEs into its credit reference database. Now, almost all SMEs with loan records have been incorporated into the central bank's credit reference database. The credit reference system can provide figures for commercial banks to examine an enterprise's credit information so that they can make more concise pricing when granting loans to SMEs.