Sweeping bank reforms aimed at boosting economic growth

Jing Shuping, once branded a "reactionary capitalist" in the Cultural Revolution and banished to a farm, was instrumental in persuading Zhu Rongji, the prime minister, to approve the country's first private bank, Minsheng.

Chinese bank allowed to handle factoring business

The Industrial and Commercial Bank of China (ICBC) announced Tuesday that the central bank has officially ratified the ICBC to handle factoring business for qualified domestic industrial and commercial enterprises.

China plans loans boost for SMEs

China plans to push forward the deregulation of its interest rates next year to boost lending to private companies, a sector singled out at last month's leaders' congress as deserving of more policy support.

Macao to support development of SMEs

China's Macao Special Administrative Region (SAR) plans to take a series of measures to support the development of small and medium-sized enterprises (SMEs), which make up over 90 percent of the city's 17,000 businesses, according to a senior offi

East China promotes SME development.

Small and medium-sized enterprises (SMEs) with potential are facing problems with back-up services such as financing, personnel training, management consultancy and technology updates.

Ruling to Ease Debt Disputes in China

Debt disputes are expected to become less of a "headache" for both domestic and foreign creditors in Beijing, as the city's courts have instituted "obligation documents" for use in the settlement of debt cases.