"Chinese policymakers should relax restrictions on financing by micro-credit companies, which mainly provide services to small and micro-enterprises, low-income groups and farmers, who usually face difficulties in getting financing from commercial banks."

Guo Guangchang, member of the Chinese People's Political Consultative Conference (CPPCC) and chairman of Fosun Group, a private conglomerate, as quoted by caixin.com in a proposal published Monday.