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Asia

Credit guarantee system to help Guangdong SMEs grow

Guangdong Province is accelerating the construction of a credit guarantee system to help privately-run small-and medium-sized enterprises (SMEs) expand their financing channels. Guangdong Province Communist Party Deputy Secretary Ou Guangyuan said the provincial government would try to improve the environment...

Group buys 60% stake in factor

On 19 July the Central Retail Corp and Central Department Store respectively sold their 50 per cent and ten per…

#SEC#WHO


Receivables insurance guarding SMEs against serial bankruptcies

The long economic slowdown has increased sales of receivables insurance for small- and medium-sized businesses (SMEs). The Korea Credit Guarantee…


Deputy Finance Minister highlights drawbacks of SMEs

Lack of initiative to gather helpful information has been identified as one of the main drawbacks of Malaysia's small- and…

#bank#interest#smes


New electronic marketplace to trade accounts payable

San Miguel Corp. and Shoemart Inc. have approved the trading of their accounts payable to small- and medium-sized enterprises (SMEs)…


Government to scrap SMEs’ ‘non-competitive contract system’

Despite resistance from small businesses, the government has decided to repeal a controversial protective measure for small- and medium-sized enterprises…

#management#small business#small businesses


SME Bank recovers Rs2.5bn loans

SME Bank recovered Rs2.5 billion out of Rs15 billion during the last 18 months from those who had taken loans…


Government to enhance credit risk monitoring of SMEs

The government plans to enhance credit risk monitoring of companies with outstanding loans of 5 billion won (US$4.27 million) or…

#credit risk#risk#smes


Foreign banks in Shanghai more competitive – CBRC

Foreign capital banks in Shanghai are becoming increasingly competitive as shown by faster increases in deposits and loans than their…

#bank#cash management#international


More support for asset capitalisation programme

The SME Development Bank and the Bank for Agriculture and Agricultural Co-operatives yesterday agreed to offer financial support under the…


1,000 SMEs’ expansion to be supported by new loan...

Special bank credits totalling 10 billion yuan (US$1.2 bn) will be granted to small- and medium-sized enterprises (SMEs) in East…

#bank#creativity#GDP


SMEs owing mainly to banks

Small- and medium-sized enterprises (SMEs) have been found, on average, to owe debts to fewer than four financial institutions, the…

#bank#banks#financial institutions

SME banks avoid ban on new branches

The central bank's policy-making Monetary Board has approved a proposal to lift the moratorium on new bank branches provided that…

#bank#regulation#SME lending

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