China increases loaning maintenance for private companies| MENAFN.COM

Monday, 24 January 2022 04:50 GMT

China increases loaning maintenance for private companies


(MENAFN) Chinese highest banking and insurance watchdog said China improved its loaning maintenance for the private subdivision, with new loans to private companies at 5 trillion yuan (about USD782 billion) in the January-October 2021 period.

According to data from the China Banking and Insurance Regulatory Commission (CBIRC), the sum stood at 53.5 percent of the whole new business loans in the same period, 1.8 percentage points greater than the level at the beginning of 2021.

Exceptional loans to private firms by banking fiscal organizations amounted to 53.1 trillion yuan after September 2021, 15 trillion yuan over the level at the end of 2018.

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