Asia's bank-centered financial systems require the reduced supply-demand gap in lending
as a core policy pillar to improve small and medium-sized enterprise (SME) access to
finance. Meanwhile, the diversification of financing modalities beyond conventional bank
lending is another key policy pillar to better serve various financing needs of SMEs and
expand their financial accessibility. The rapid growth of emerging Asia is generating SMEs'
long-term funding needs and requires robust capital markets as an alternative channel for …