CMIG president Li Huaizhen, says many smaller businesses have had to resort to the shadow-banking system to access capital, which often carry lofty interest rates, as the larger banks show a reluctance to extend them credit. Photo: Reuters

Regional-level investment groups copying the Minsheng model to brave economic slowdown

Li Huaizhen, CMIG’s president, says he’s happy to partner with the newbies to jointly explore business opportunities

TOP PICKS

CMIG president Li Huaizhen, says many smaller businesses have had to resort to the shadow-banking system to access capital, which often carry lofty interest rates, as the larger banks show a reluctance to extend them credit. Photo: Reuters
READ FULL ARTICLE