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Banks urged to set up special cells for SMEs
By Yang Zhen and Bi Xiaoning (chinadaily.com.cn)
Updated: 2009-03-18 18:27 China's banking regulator on Wednesday urged all domestic banks to set up special departments to better serve the small and medium-sized enterprises (SMEs). The banks are expected to finish the work before the second quarter. Wang Zhaoxing, vice-chairman, China Banking Regulatory Commission (CBRC), said: "It is also necessary for the banks to set up special teams to serve the SMEs." (For more biz stories, please visit Industries)
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