Recently, it is reported that the private enterprises that have expanded overseas could hardly get any financing from the local Chinese banks. Not only that these private enterprises are discriminated when they go abroad, they are also discriminated when they want to obtain financing in the country. This is a very strange phenomenon – a widespread discrimination against the private enterprises in China, orchestrated by the Chinese banks!

If the supply-side reform is being extended to the financial services industry, the most urgent task of the supply-side reform is to break the discrimination in the financing.