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Microcredit Lenders Ermerging In China

작성자 Star45.♡.118.193
작성일 23-03-22 00:14 | 242 | 0

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The projected progress of the microcredit business could have a far reaching impact on China's financial markets by channeling part of the huge deposit base of the banking system to finance the expansion of the vibrant non-public sector, which, unlike the staid State-owned sector, is made up primarily of many highly aggressive and adaptable enterprises. Lenders should learn to assess the credit worthiness of this class of borrowers by their cash flow and development potential rather than by asset value and government guarantee.

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