COVID-19
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Lessons from 2008 for the COVID-19 crisis: Illiquidity is as dangerous as insolvency
Virtual Roundtable Recap
On Thursday, March 26, 2020, the SME Finance Forum hosted the first of a new series of weekly virtual roundtables on the economic effects of the COVID-19 pandemic. In these discussions, we link experts from the public and private sectors to share insights on mitigation, stabilization, and recovery.
Lifeline amid Public Health Emergency
How China’s City Commercial Banks Finance SMEs during the Coronavirus Epidemic
A key pillar in China’s commercial banking system (1), city commercial banks (CCBs) have been a major force in supporting small and medium enterprises (SMEs). While CCBs accounted for only 13.1% of the entire banking system in terms of total assets, 18.7% of all SME loans are disbursed by CCBs. In 2018, the total outstanding loan balance from CCBs reached 6.3 trillion yuan ($910 million USD). SME loans made up 42.1% of all loans disbursed by CCBs in that year.