CBIRC issues measures to encourage lending to micro and small enterprises

Inclusive finance has been high on the government’s agenda for several years as it works to improve financial support for groups traditionally underserved by banks who see them as less financially rewarding and riskier. MSEs have long been shunned by banks partly because they have little collateral to pledge when they apply for loans, hence the CBIRC’s emphasis on promoting the use of movable property as security…