Pan Gongsheng, deputy head of the
People’s Bank of China on Wednesday urged commercial banks to provide
more credit resources for Tibet while risks are under control, Xinhua
news agency reported.
He stressed on diversifying financial
businesses and increasing branches in Tibet, and encouraging qualified
capital to establish small institutions like private and village banks.
More direct financing and financial
bonds are expected to facilitate enterprises, especially small and micro
businesses, in Tibet.
Liu Shiyu, chairman of Agricultural Bank
of China, said the bank has set up 511 branches in Tibet and will try
to establish financial services in all counties with access to highways,
electricity and phone signals by the end of 2016.
Heads of Agricultural Development Bank
and People’s Insurance Group also said there will be more capital and
policy support for Tibet’s local financing and industrial expansion.
