UPDATE 1-China's Li urges reluctant banks to support real economy

April 17, 2015 10:29 AM

65 0

BEIJING, April 17 (Reuters) - Chinese Premier Li Keqiang on Friday urged banks to do more to support the real economy, as the authorities grow frustrated with commercial banks' reluctance to lend for productive investment, even as their funds support a debt-fuelled stock market rally.

Three sources with direct knowledge of the matter said Li, on a visit to the Industrial and Commercial Bank of China Ltd (ICBC) and China Development Bank (CDB), major state-owned banks, called for banks to lend more to small and medium-sized enterprises (SMEs).

Also read: North Korea’s Kim, Mending Beijing Ties, Visits Chinese Bus-Crash Victims

Read more

To category page