A pedestrian walks past the headquarters of the PBOC in Beijing. JIANG QIMING/CHINA NEWS SERVICE BEIJING – The outstanding loans extended by China’s financial institutions came in at 251.8 trillion yuan ($35.46 trillion) at the end of the first quarter, central bank data showed on Friday. The figure represents a 9.2 percent year-on-year rise, according … Continue reading China’s credit structure improved in Q1: PBOC report
Tag: credit
China aims to accelerate national integrated financing credit service platform construction
A clerk counts cash at a bank in Nantong, Jiangsu province. [Photo/Sipa] China will strive to accelerate the construction of a national integrated financing credit service platform network, thereby providing more convenient financing channels for micro, small and medium-sized enterprises, especially private ones, a senior official said at a news conference on Wednesday. Such remarks … Continue reading China aims to accelerate national integrated financing credit service platform construction