China's vice premier urges financial support for small and medium firms

By Kitco News / August 20, 2018 / www.kitco.com / Article Link

HONG KONG (Reuters) - China needs to beef up its capital markets and broaden financing channels for small and medium enterprises (SMEs) as part of wider efforts to support the corporate sector, Vice Premier Liu He said on Monday.

"We need to pay close attention in resolving outstanding problems in SMEs," Liu said in comments posted on the cabinet's website www.gov.cn "There is a need to improve capital markets and broaden direct financing channels for SMEs."

Reporting by Lee Chyen Yee in Singapore and Meg Shen in Hong Kong; Editing by Clarence Fernandez

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