Medium-sized enterprises, as well as micro and small businesses, account for about 60 per cent of China’s gross domestic product, according to S&P. Photo: Reuters
Medium-sized enterprises, as well as micro and small businesses, account for about 60 per cent of China’s gross domestic product, according to S&P. Photo: Reuters
Business /  Banking & Finance

China’s small business lending push could equal US$418 billion in new loans, S&P Global says

  • Lending push could lead to higher credit costs and weaker asset quality, but the affect on credit quality is limited
  • Loans to micro and small businesses in China totalled about 9.36 trillion yuan at the end of 2018

Chad Bray
Chad Bray

Updated: 10:14pm, 15 Apr, 2019

Why you can trust SCMP
Medium-sized enterprises, as well as micro and small businesses, account for about 60 per cent of China’s gross domestic product, according to S&P. Photo: Reuters
Medium-sized enterprises, as well as micro and small businesses, account for about 60 per cent of China’s gross domestic product, according to S&P. Photo: Reuters
READ FULL ARTICLE