ICBC to lend CNY 60bn to Beijing SMEs

The Industrial and Commercial Bank of China (ICBC) pledged to offer CNY 60bn in loans to 1,000 small- and medium-sized enterprises in Beijing over three years

Late payment total grows 15pc annually

The Sinosure debt collection division handled 358 cases of overseas debt collection last year, compared with 184 in 2004. There is no exact figure of how large a burden of overdue accounts Chinese firms carry

Bank loans to SMEs increase by 14m yuan in H1

The number of SMEs receiving loans increased by almost 16,000 in the first half of 2006, compared to the beginning of the year. In the Beijing area, the acceptance rate of credit applications by SMEs was up