Caixin
Nov 25, 2011 05:05 PM

ICBC's Jiang Likes Big Banks for Small Clients

Small business shutdowns blamed on a lack of reliable credit brought Chinese Premier Wen Jiabao to the commercial city of Wenzhou recently, and later prompted a State Council call for more bank support.

The government is now particularly stressing the need for the nation's big banks to expand financing options to small and private entrepreneurs. It's also promoting tax incentives and other policies to back the little guy. 

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