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SME financing in China

Author

Listed:
  • Chen Xiang Liu

    (EconomiX - EconomiX - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique)

Abstract

SMEs have a great contribution in China's economic expansion. However, the financing predicament currently faced by SMEs constitutes a great bottleneck for their development. Banks are reluctant to lend to them, mainly due to the lack of collateral and their poor capability in pricing risk. This is the reason why credit guarantee institutions play a key role in SME financing and the perfection of the credit guarantee system is important for promoting their access to credit. In addition, the lifting of the ceiling on lending rates as well as other steps taken by banking authorities will encourage bank lending to SMEs. Finally, informal finance has a significant part in SME financing.

Suggested Citation

  • Chen Xiang Liu, 2007. "SME financing in China," Working Papers hal-04139205, HAL.
    • Handle: RePEc:hal:wpaper:hal-04139205
    Note: View the original document on HAL open archive server: https://hal.science/hal-04139205
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