Digital tech to ease funding woes of small firms

Digital technologies can play a bigger role in helping small and medium-sized enterprises raise funds, and more efforts are needed to encourage companies to upgrade themselves by embracing cutting-edge technologies, a national legislator said.

Sun Pishu, a deputy to the 13th National People's Congress, said small and medium-sized businesses have been encountering financial difficulties since the COVID-19 outbreak.

"Building a financial service platform, powered by big data technologies, can help them better access funds and borrow money from financial institutions," said Sun, who is also chairman and CEO of Inspur Group, China's largest maker of servers.