Prof. Feng Xingyuan Attended Caixin Roundtable―Chinese SME Financing: A Closer Look
Author:Unirule
Time：2011-07-11 14:13:46 Clicks:
By the invitation of Caixin Media, Prof. Feng Xingyuan attended and delivered a keynote speech entitled "the Influence of the Emerging Small-sum Loan Business on Private Capital: Integration or Competition?" on the Caixin Roundtable―Chinese SME Financing: A Closer Look in Hangzhou on June 28th, 2011. According to Prof. Feng Xingyuan, rural financial reform and the entry into WTO are the two highlights in China's recent ten-year economic reform, and the emergence of small-sum loan companies and other new rural financial institutions is changing China's rural financial layout. Small-sum loan companies add new channels for private capital to enter the financial market. By the end of March 2011, there were 3,027 small-sum loan companies in total in China with a total outstanding loan of 240.8 billion RMB. At present, small-sum loan companies are witnessing a fast growing tendency. Policy control on small-sum loan companies should be further loosened, and policy support for small-sum loan companies should be strengthened.
