The Asian Development Bank (ADB) and Maxwealth have inked a CNY 1 billion agreement aimed at broadening access to lease financing for Micro, Small, and Medium-sized Enterprises (MSMEs) in the People’s Republic of China (PRC)

The Asian Development Bank (ADB) has entered into a CNY 1 billion agreement with Maxwealth to expand access to lease financing for Micro, Small, and Medium-sized Enterprises (MSMEs) in the People’s Republic of China (PRC). This initiative underscores ADB’s commitment to supporting the growth and development of MSMEs in the region, facilitating their access to essential financing options for business expansion and sustainability. Such partnerships are vital for fostering economic growth and job creation in the MSME sector in China.