Small not seen as so beautiful by banks

Attempts to woo smaller businesses are seen as half-hearted, say experts "Going micro" has become a trend for Chinese banks as they change their approach to business. The term "client sinking" is the new parlance, meaning that rather than nurturing high-profile large companies, the industry is looking to medium, small and micro businesses, said Ba Shusong, a banking expert with the Development Research Center under the State Council, China's cabinet. "Three to five years ago, small and medium-sized enterprise financing was just talk among bankers. Now more and more bankers tell me privately that driven by a narrower interest spread and fiercer competition, SME financing is changing from talk...