Central bank chief Zhou Xiaochuan favours setting up private lenders and boosting the development of micro-credit firms. Photo: Bloomberg Central bank chief Zhou Xiaochuan favours setting up private lenders and boosting the development of micro-credit firms. Photo: Bloomberg
Central bank chief Zhou Xiaochuan favours setting up private lenders and boosting the development of micro-credit firms. Photo: Bloomberg

PBOC seeks wider role for private sector

As internet technology changes the industry landscape, Beijing says it will allow tie-ups like the one between Alibaba and Minsheng Bank

Central bank chief Zhou Xiaochuan favours setting up private lenders and boosting the development of micro-credit firms. Photo: Bloomberg Central bank chief Zhou Xiaochuan favours setting up private lenders and boosting the development of micro-credit firms. Photo: Bloomberg
Central bank chief Zhou Xiaochuan favours setting up private lenders and boosting the development of micro-credit firms. Photo: Bloomberg
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