China to expand funding channels for small firms

BEIJING (Reuters) - China will expand funding channels for small and medium-sized firms, according to a statement posted on the website of its State Council, or cabinet, citing a meeting led by Premier Li Keqiang.

Regional share markets should develop in line with regulations, the statement added, and focus on servicing the needs of small and medium-sized firms.

These measures are important aspects of China's supply side reforms and efforts to improve multiple levels of capital markets.

(Reporting by Beijing Monitoring Desk and Sue-Lin Wong; Editing by Jacqueline Wong)