Saturday, 18 September 2021 04:31 GMT

China delivers more inclusive loans to small, micro companies


(MENAFN)According to official data, China had delivered more inclusive loans to small and micro companies by the end of May.

Zhang Zhongning, a spokesperson for the China Banking and Insurance Regulatory Commission stated in a press conference that outstanding inclusive loans to small and micro firms had summed 17.07 trillion yuan (about USD2.63 trillion) by the end of May, rising by 30.53 percent on annual basis.

Approximately 28.63 million firms have been supported by these loans, 5.71 million more than 2020.

Zhang added that the interest volume of recently delivered inclusive loans to small and micro companies was around 5.68 percent in the January-May 2021 period, decreasing 0.2 percentage points from 2020.


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.