BEIJING, March 13 (Xinhua) -- In the fourth quarter of 2018, the financing demand index of small- and micro-sized enterprises (SMEs) increased 2.86 points quarter on quarter to 107.09 points, according to the CCB-Xinhua Inclusive Finance-SME Index released today.
The index showed that the financing costs and risks of SMEs declined. Falling for the second consecutive quarter, the price index of financing cost reached 95.82 points, 5.87 points lower than in the third quarter of 2018.
Compared with the previous quarter, the financing, service and business environment has been improved for China’s SMEs, said Gan Li, a lifetime professor of Economics Department of Texas A&M University and dean of Research Institute of Economics and Management, Southwestern University of Finance and Economics.
The CCB-Xinhua Inclusive Finance-SME Index is jointly compiled by the China Construction Bank (CCB) and China Economic Information Service (CEIS) under Xinhua News Agency, and it includes four sub-indices, which are financing index, service index, development index and business index. (Edited by Tong Wei, [email protected])