皇冠体育app

Banks urged to support SMEs in IT industry

By Ding Qingfen and Yang Zhen (chinadaily.com.cn)
Updated: 2009-03-06 17:52

皇冠体育app will encourage financial institutions to provide more support to small- and medium-sized enterprises (SMEs) in the IT industry, Liu Mingkang, head of 皇冠体育app's banking regulator, said on the sidelines of the ongoing National People's Congress on Friday.

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Chinese banks will accept intellectual property as collateral and invite scientists and experts in the same field to help evaluate loan applications from SMEs in the IT industry, Liu said.

He also urged Chinese lenders to work closely with venture capital and private equity firms to provide sufficient financial support to SMEs in the IT industry.
 
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