Micro-credit loans reach 97.7b yuan
Source: Xinhua |
July 31, 2012, Tuesday
|
Print Edition
Print Edition
NEW yuan-denominated loans issued by China's micro-credit companies hit 97.7 billion yuan (US$15.51 billion) in the first half of this year, the central bank said yesterday.
Their outstanding loans stood at 489.3 billion yuan as of the end of June, the People's Bank of China said on its website. The number of micro-credit companies bloomed from less than 500 firms in 2008 to more than 5,000 as of June this year, according to data from the central bank and the China Micro-Credit Institution Joint Council, a self-regulatory organization. In recent years, micro-lending companies have become an important channel for private capital to enter the financial market.
Their outstanding loans stood at 489.3 billion yuan as of the end of June, the People's Bank of China said on its website. The number of micro-credit companies bloomed from less than 500 firms in 2008 to more than 5,000 as of June this year, according to data from the central bank and the China Micro-Credit Institution Joint Council, a self-regulatory organization. In recent years, micro-lending companies have become an important channel for private capital to enter the financial market.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
