Yi Gang, governor of the People’s Bank of China (PBOC), says banks should adapt financial services and products, as well as increase investment in fintech research and technology to help small firms. Photo: BloombergYi Gang, governor of the People’s Bank of China (PBOC), says banks should adapt financial services and products, as well as increase investment in fintech research and technology to help small firms. Photo: Bloomberg
Yi Gang, governor of the People’s Bank of China (PBOC), says banks should adapt financial services and products, as well as increase investment in fintech research and technology to help small firms. Photo: Bloomberg

China’s banks must innovate to help small businesses weather ‘complex and severe’ economic environment

  • People’s Bank of China governor Yi Gang has called on banks to help small businesses weather the severe economic environment through fintech innovation
  • Premier Li Keqiang said in a visit to Chongqing that China’s economy can grow this year if the nation achieves its target of adding 9 million jobs

Topic |   China economy
Yi Gang, governor of the People’s Bank of China (PBOC), says banks should adapt financial services and products, as well as increase investment in fintech research and technology to help small firms. Photo: BloombergYi Gang, governor of the People’s Bank of China (PBOC), says banks should adapt financial services and products, as well as increase investment in fintech research and technology to help small firms. Photo: Bloomberg
Yi Gang, governor of the People’s Bank of China (PBOC), says banks should adapt financial services and products, as well as increase investment in fintech research and technology to help small firms. Photo: Bloomberg
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