Small and Medium-Sized Banks Contributing to the Innovative Development of Luqiao’s Microfinance

Wen Xiao, Jiadong Pan and Wenwu Xie
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Wen Xiao: Zhejiang University
Jiadong Pan: Zhejiang Institution of Administration
Wenwu Xie: Zhejiang University

Chapter Chapter 5 in Microfinance and China's Regional Development, 2023, pp 139-166 from Springer

Abstract: Abstract Small and medium-sized banks (SMBs) enjoy advantages in providing information services to small and medium-sized enterprises (SMEs), which elaborates the relations between credit loans for SMEs and bank scale and structure. On the one hand, SMBs are too frequently unable to run large loan projects due to their limited scale, so they have no choice but to serve principally SMEs. On the other hand, SMBs, like SMEs, are so located to understand well the credit and operation status of SMEs, thus effectively reducing the impact of information asymmetry and greatly mitigating loan risks. Therefore, SMBs are more willing to provide financing services to SMEs than large banks are. Many SMBs, including the Bank of Taizhou, Zhejiang Tailong Commercial Bank, and Luqiao Rural Cooperative Bank, focus on micro and small enterprises (MSEs) in Luqiao District, Taizhou City, and have become models of efficient microfinance development.

Date: 2023
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DOI: 10.1007/978-981-99-1960-4_5

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