The credit balance of the four big state-owned banks to SMEs is over 6 trillion

Credit is supporting SMEs with unprecedented vigour. Relevant statistics show that by the end of May this year, the four major state-owned banks to the small and medium-sized enterprises credit balance has exceeded 6 trillion yuan.　　ICBC, AgBank and other May loans to small and medium-sized enterprises accounted for half of the new increase. In a few days by CCTV, "How to crack the financing of small and medium-sized Enterprises" International Forum, ICBC President Kaisheng revealed that from 1 to May this year, ICBC in the entire credit distribution, 61% of loans to small and medium-sized enterprises, SME loans increased by 325.4 billion.　　By the end of May, SME loans accounted for 49% of total loans and the loan balance amounted to RMB 2.22 trillion. Mr Cheung, AgBank's president, said that by the end of May, AgBank's SME loans had increased by more than 240 billion this year, accounting for nearly 50% per cent of all bank loans, more than twice times the growth plans decided at the beginning. ABC's 2008 Annual report has disclosed that as of the end of 2008, AgBank's loans to SMEs in the balance of 1,311,250,000,000 yuan.　　In this way, AgBank's current total lending to small and medium-sized enterprises reached more than 1.5 trillion. Lihui, president of BOC, said the SME loans in BOC grew by 44% per cent from 1 to May this year, and SME clients grew by 22%.　　By the end of May, BOC to the small and medium-sized enterprises to provide a variety of credit to 1.1 trillion, the total number of SMEs customers more than 30,000 households. Zhu Xiaohuang, vice president of CCB, said the bank's credit to SMEs amounted to 1.2 trillion, accounting for 42% of the total credit balance.　　Loans to small enterprises reached more than 500 billion, accounting for the total loan balance of 18%. The four-line statement has also been confirmed by Wang Shaoxing, vice chairman of the CBRC.　　Wang Shaoxing said that by the first quarter of this year, SME loans, whether incremental or stock, accounted for 53% of the total loans, the small business loan growth of 11%, the growth of 17% per cent of self-employed loans, much higher than the growth of large enterprises and national loans.　　The data is booming, but it leaves a question for the markets: Will the big banks be able to sustain SMEs? Xu Xiaonian, a professor at Ceibs, argues that small and medium-sized banks are the main force for SME loans, and that large banks, because of their high cost, will result in income and cost asymmetry in lending to small businesses.　　SME financing relies on the development of grassroots financial services institutions. But Yang Jiacai, deputy leader of the banking and SME financial Services leadership group, has different opinions, "big banks, small banks are not about size, but about technology." Big banks, like small banks, can do the financial services of SMEs. ”