Changes to Chinese Microfinance

March 31, 2009 (Wokai) In mid-August last year the government introduced new incentives to encourage microcredit lenders to provide more loans to small companies engaging in labor-intensive manufacturing activities, expanding the credit limit for the first time and making statements encouraging laid-off workers to become entrepreneurs. In addition, the central bank has allowed qualified microcredit lenders to source funds in the inter-bank money market for on-lending to their customers. (full article)