Bank of China to Expand Lending Services to Small Businesses
Bank of China has signed a strategic cooperation agreement with the All-China Federation of Industry and Commerce to further expand financing channels for private companies, especially small businesses, to expand their footprints globally.
"As part of BOC's efforts to support private companies, the strategic cooperation will help the bank to improve its channels of communication with private small businesses, better understand the demand of its clients, and improve its financial services accordingly," said Zhu Jun, general manager of the inclusive finance department at Bank of China.
Each of the bank's branches will strengthen communication with local federations of industry and commerce, set aside an overall credit quota for small and microenterprises at the local level, deepen its ...