Business, Management and Accounting
8 years ago

Revolutionizing SME Financing in China Through Innovative Credit System Construction

Credit Reference
Survey and Thoughts on Construction of Credit System for SMEs in China
Jiang Yao-chu

Paper Summary

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To help small and medium-sized businesses in China get easier access to financing, the People's Bank of China is working on building a credit system. By improving the financial environment for these businesses, they aim to support their growth. In Anhui Province, efforts are being made to strengthen the credit system by promoting credit information, creating laws for credit information, establishing external credit ratings, and setting up a platform for credit services. These measures are crucial for the development of small and medium-sized enterprises in China.