Minister of Finance Christina Liu (劉憶如) yesterday said that she expects state-run banks to relax lending rules to domestic -micro-businesses to promote their development.
Liu met with bank officials to discuss about their business and future strategies.
“I hope the state-run banks will be more responsible when it comes to offering services to people and companies that private banks might not cover,” Liu told a media briefing after the meeting.
Liu said she suggested that government-run banks should relax some of their lending rules, including the requirement of a mortgage, to provide a more convenient lending platform for micro-businesses that operate on a very small scale or are located in remote areas.
In addition, the banks should also give priority in their lending to companies with the ability to create more jobs, Liu said, adding that the service sector could be a focus.
Liu said the relaxation of lending rules would create a win-win situation for both companies and banks, as many micro-businesses are ripe for expansion, but lack sufficient funds to do so.
Liu is scheduled to hold more talks with the state banks next month, to try to establish a set of new standards for their lending business, with a particular focus on micro-businesses. She declined to offer any further details on lending practices.
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