Bloomberg News

Financing Costs for Firms Should Be Cut, ICBC Says

November 24, 2011

(Corrects Huang’s title in first paragraph.)

Nov. 24 (Bloomberg) -- Financing costs for companies should be further reduced by the government, Huang Jifa, deputy general manager, investment banking department at Industrial and Commercial Bank of China Ltd., said at a conference in Beijing today.

“High financing costs are a very big headache for many businesses,” Huang said.

To contact the editor responsible for this story: Gregory Turk at gturk2@bloomberg.net


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