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Loans to small businesses surge
Source: Shanghai Daily |
February 21, 2013, Thursday
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Print Edition
Print Edition
OUTSTANDING loans to micro and small businesses in Shanghai rose at a faster pace than other loan categories last year, the local banking regulator said yesterday.
The outstanding loans to these enterprises in Shanghai added 106 million yuan (US$16.8 million), or 15 percent year on year, to 835 million yuan in 2012, 4.6 percentage points more than the increase of overall loans in the city, the China Banking Regulatory Commission's Shanghai office said. In Shanghai, 78,794 borrowers received such loans last year, up 39 percent from a year ago.
The outstanding loans to these enterprises in Shanghai added 106 million yuan (US$16.8 million), or 15 percent year on year, to 835 million yuan in 2012, 4.6 percentage points more than the increase of overall loans in the city, the China Banking Regulatory Commission's Shanghai office said. In Shanghai, 78,794 borrowers received such loans last year, up 39 percent from a year ago.
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