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China moves to drive more lending to small companies

China's banking and insurance regulator is taking more measures to encourage banks to continue increasing lending to smaller firms, including lowering the nonperforming loan ratio requirement for loans to small-sized companies.

The China Banking and Insurance Regulatory Commission said it has lowered the nonperforming loan ratio requirement for loans to small and micro-sized enterprises (with a credit line of 10 million yuan) allowing the NPL ratio for the type of loans to be up to 3 percentage points higher than that of other types of loans, according to a statement released on Wednesday.

The regulator stressed that . . .

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