Tag Archives: China

Chinese Banks courting Microbusinesses

Businesses along a street in China.

Small and microbusinesses are becoming more sought after by Chinese banks as they attempt to build their business base, reports China Daily.   With competition increasing, this strategic shift is now becoming in vogue, especially with smaller or newer banks.

The term “client sinking” is the new parlance, meaning that rather than nurturing high-profile large companies, the industry is looking to medium, small and micro businesses, said Ba Shusong, a banking expert with the Development Research Center under the State Council, China’s cabinet.

Published by Spring Digital Media, All Rights Reserved.