The China Banking Regulatory Commission (CBRC) recently released the Notice on Improving and Innovating Loan Services for Small and Micro Enterprises to Enhance Financial Services for Small and Micro Enterprises.
Pursuant to the Notice, with the approval of a banking financial institution, an eligible small or micro enterprise may take out additional loans. In addition, banking financial institutions will effectively implement the requirements for driving development of real economy with finance, increase financial input to small and micro enterprises, and actively enhance relevant financial services and technologies.