Top News
China's inclusive financial loans grow faster
Last Updated: 2019-04-29 16:45 | Xinhua
 Save  Print   E-mail

China's inclusive financial loans sped up in the first quarter of 2019, said the central bank in a report.

The outstanding inclusive financial loans amounted to 15.57 trillion yuan (2.31 trillion U.S. dollars) by March, up 14.4 percent year on year, faster than 12.5 percent at the end of the fourth quater last year, according to the People's Bank of China.

Outstanding loans to small and micro firms grew the fastest among all sectors of inclusive financial credit, going up 19.1 percent to 10.05 trillion yuan.

Due to the government's policy to resolve financing difficulties of small and micro businesses, banks at all levels are encouraged to lend more to such firms in 2019.

Loans to farmers, start-ups and students as well as poverty alleviation loans also saw increases, leading to comprehensive expansion in all sectors of inclusive financial credit.

Share to 
0
Related Articles:
BACK TO TOP
  • Sports
  • Soccer
  • Basketball
  • Tennis
  • Formula One
  • Athletics
  • Others
  • Entertainment
  • Celebrity
  • Movie & TV
  • Music
  • Theater & Arts
  • Fashion
  • Beauty Pageant
Edition:
Link:    
About CE.cn | About the Economic Daily | Contact us
Copyright 2003-2015 China Economic Net. All right reserved
China's inclusive financial loans grow faster
Source:Xinhua | 2019-04-29 16:45
Share to 
0