The China Banking Regulatory Commission (CBRC) said that outstanding loans made to small and micro-sized companies totaled 14.75 trillion yuan (2.33 trillion U.S. dollars) by the end of September.
Shang Fulin, the newly-appointed chairman of the CBRC, said Monday that the commission had made a series of policies to support the development of small and micro-sized companies in recent years.
"Effective policy guidance has guaranteed the sustainability of banking services provided to small and micro-sized companies," Shang said.
On Oct. 24, the CBRC revealed a detailed plan to encourage financial support for the country's small and micro-sized enterprises in a supplementary notice to its previous support plan for financing small enterprises.
The supplementary notice ordered commercial banks to give more support to enterprises that borrow less than 5 million yuan and increase tolerance for non-performing loans to small and micro-sized firms.