You are here:  

China sees more inclusive finance loans to small businesses in 2019

Xinhua,April 13, 2020 Adjust font size:

China's inclusive finance to small and micro firms maintained fast development last year, with loans increasing by 2.09 trillion yuan (about 303.4 billion U.S. dollars), according to the People's Bank of China.

The figure marked a year-on-year increment of 852.5 billion yuan.

The outstanding loans issued to the small businesses under inclusive finance services stood at 11.59 trillion yuan at the end of 2019, up 23.1 percent year on year.

Inclusive finance covers financial institutions' services for small businesses, farmers, those on low-incomes, the disabled and senior citizens.

China's top banking and insurance regulator has vowed to ensure greater support in terms of inclusive financing services for the country's small businesses amid efforts to boost the real economy.

In 2020, greater efforts will be made to ensure lower financing costs and continued fast loan growth to small and micro firms, according to decisions adopted at an annual work conference of the China Banking and Insurance Regulatory Commission. Enditem

About Us | Site Map | Feedback
Copyright © China Internet Information Center. All Rights Reserved E-mail: Tel: 86-10-88828000  
京ICP证 040089号 网络传播视听节目许可证号:0105123 京公网安备110108006329号 京网文[2011]0252-085号