The People's Bank of China (PBOC) has implemented a number of initiatives to try to boost funding for small businesses through regional banks. Illustration: Perry Tse The People's Bank of China (PBOC) has implemented a number of initiatives to try to boost funding for small businesses through regional banks. Illustration: Perry Tse
The People's Bank of China (PBOC) has implemented a number of initiatives to try to boost funding for small businesses through regional banks. Illustration: Perry Tse

Coronavirus: China’s credit push struggles as banks weigh risks of lending to cash-strapped small businesses

  • Despite efforts by Beijing, banks have little incentive to lend to small businesses struggling with the coronavirus due to lack of collateral and higher default risks
  • Many small firms at risk of closing are being forced to turn to shadow bankers for loans at much higher interest rates than regular lenders

Topic |   Coronavirus pandemic
The People's Bank of China (PBOC) has implemented a number of initiatives to try to boost funding for small businesses through regional banks. Illustration: Perry Tse The People's Bank of China (PBOC) has implemented a number of initiatives to try to boost funding for small businesses through regional banks. Illustration: Perry Tse
The People's Bank of China (PBOC) has implemented a number of initiatives to try to boost funding for small businesses through regional banks. Illustration: Perry Tse
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