Premier Li demands more help on small business financing

Premier Li Keqiang on Tuesday called for more effort to solve the financing difficulties facing China's small and micro businesses.

In a written instruction to a teleconference held in Beijing, Li called for better financial services for small and micro businesses.

He said more effort should be made to deepen financial reforms and effectively let the market play a decisive role in allocating resources to small and micro businesses.

"An innovative approach should be taken to address the'last mile' problem of financial resources flowing to small and micro businesses, and more progress should be made in making financing less difficult and less expensive for small and micro businesses," he said.