Banks elucidate costs of financing

A number of small and medium-sized banks in China issued announcements in May, stating that they are implementing policies requiring the disclosure of the comprehensive financing costs of corporate loans. Analysts said this is not merely an information disclosure requirement, but also an institutional tool aimed at lowering financing costs for the real economy, strengthening financial consumer protection and regulating order in the credit market.

Raccontata daglobal.chinadaily.com.cn