China's Big 4 banks boost lending for stricken small businesses

Financing surge threatens to turn sour in prolonged economic slump

20200401N China small business

Workers manufacture parts for trailers to be exported to the U.S. at a plant in Jiangsu Province, China. © Reuters

TAKESHI KIHARA, Nikkei staff writer

HONG KONG -- China's four largest state-run banks have ramped up lending to small and midsize enterprises whose earnings have deteriorated due to the coronavirus pandemic.

Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank and Bank of China stressed their support for small businesses during recent earnings briefings, most recently on Wednesday.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.