Micro-Financing for Small Banks Faces Challenges
Despite a government initiative to increase the amount of micro-lending to big banks, it appears that these banks are instead “faking” their micro-loans, leaving 60% of Chinese firms without bank financing. In order to avoid a lack of cash, the government had instructed the state-banks in the country to lend to smaller businesses. Furthermore, to… Continue reading Micro-Financing for Small Banks Faces Challenges