Li vows big boost for small business

Premier says flexibility in policies for private banks can ease funding woes

Premier Li Keqiang pledged to use differentiated policies, especially loan-to-deposit ratios, to help private banks alleviate the financing woes of small companies.

Li said policy variations are necessary and fair, since small banks have fewer resources than big lenders, and most of their clients are small and startup businesses that are the fundamental providers of diversified products and jobs.