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More money to fund SMEs

By Zhang Ran (chinadaily.com.cn)
Updated: 2009-02-23 13:37

The central bank has said it was speeding up the drafting of codes to allow non-deposit taking companies and individuals to establish lending businesses.

"The codes will help build a multi-level credit market," Zhang Jianhua, a senior researcher at the central bank said.

The move is expected to widen the source of funding to the cash-strapped small- and medium-sized enterprises (SMEs).