28-03-2014 02:14 AM | China

China to set up credit system for farmers, small companies

China's central bank announced on Thursday it has issued a guideline to step up the creation of a credit system for serving small and micro-sized companies and farming households.

The guideline targets to help small companies and farmers with good credit secure loans, and promote their healthy growth, the People's Bank of China (PBOC) said in a statement.

Since 2006, the central bank has tried to set up a credit system for the above-mentioned entities. By the end of last year, the PBOC had compiled credit archives for 2.43 million small and micro companies and 151 million farming households, the statement said.
Full Story : CCTV