An estimated 67 million startup companies and 270 million blue-collar workers in China aren’t adequately served by the country’s commercial banks, often having their business loans or credit cards rejected. Now Ping An’s small loans business wants to get in on the market. Photo: Reuters

Ping An Puhui sees growth in tapping China’s blue-collar workers and small businesses

Shanghai-based micro-finance lender aims to bolster its loans book by eightfold to 1 trillion yuan by 2020

Topic |   Banking & Finance

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An estimated 67 million startup companies and 270 million blue-collar workers in China aren’t adequately served by the country’s commercial banks, often having their business loans or credit cards rejected. Now Ping An’s small loans business wants to get in on the market. Photo: Reuters
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