The plans include creating a platform designed to provide SMEs with smoother access to capital and credit guarantees, boosting growth in China's most vigorous growth sector, which generates the bulk of the country's jobs, the newspaper said.
The bank's vice-president Liu Kegu said yesterday at a seminar in Beijing that China has so far failed to develop a sound financial policy system, but added that the CBD will use its financial clout in the future to ensure commercial banks lend more to smaller firms.
Most of the CDB's loans are tied up in medium- and long-term infrastructure and construction projects, notably in the power, oil and gas and telecommunications sector, the China Daily said.
The CDB will also launch investment funds for SMEs, as well as establishing a credit information and evaluation system to record and trace the credit record of borrowers.
