The annual Lujiazui Forum, which brings together officials, experts and entrepreneurs, was held in Shanghai on Thursday.

Let's take a look at who attended the financial forum and what they said.

The central bank will significantly increase the relending and rediscount quota targeted at micro and small businesses, PBOC Governor Yi Gang said.

Yi said MSEs play particularly important role in the economy.

“Formal financial institutions must step up financing for MSEs so as to become the mainstay in MSE finance, and private informal players serve as an important supplement,” he said.

Yi also urged relevant authorities to implement a joint mechanism for upholding credibility and penalizing bad faith practices, and crack down on debt evasion and all types of frauds.