SME lending is a hot topic in the banking business, are there any insights from Experian?
At present, there are more than 35 million SMEs in China. In fact, 99% of China companies belong to SMEs. They account for 60% of China’s GDP, contribute 50% of tax and 70% of export value, and they offer 80% of job opportunities in the market. SMEs are already a major part in China’s economic development, and they will be increasingly important in driving the world’s economy as well. Along with the banking reform, SME lending is becoming a significant component in the banking business, yet many banks are still looking for an efficient and effective way of SME credit assessment, customer relationship management and risk management. Baker Hill, a part of Experian, has been focused on the banking industry for more than two decades. It delivers solutions that address the needs of banks, when lending to small and medium-sized enterprises, and works as a trusted advisor to banking clients. It has clients from more than 1,200 financial institutions in all segments, deploying relationship man
