Chinese Premier Li Keqiang has pledged to provide a warm environment to boost "moderate" development of private banks during a visit to Webank, the country's first Internet-based banking service, headquartered in Shenzhen.
During the visit, Premier Li officiated the final approval of the banks' first loan, a credit of 35 thousand yuan to a local truck driver.
He says that the issuance of the first loan marked a significant step forward in China's financial reform.
"I'm happy to see that the Internet's financial format is gradually taking shape. I could say that it signals a significant step in China's Internet finance and China's financial
