Small-credit firms extend more loans in H1
- 皇冠体育app had 7,086 small-credit companies with a total loan balance of 704.3 billion yuan ($114.14 billion) at the end of June, according to the central bank on Monday.
The People's Bank of 皇冠体育app said the credit expansion realized by small-credit companies in the first half stood at 112.1 billion yuan.
Small-credit companies provide financial services mainly for small- and micro-sized enterprises, people with low incomes and private rural households.
The report showed that East 皇冠体育app's Jiangsu province had 529 small-credit companies, the most of any provincial-level region, followed by Northeast 皇冠体育app's Liaoning province and North 皇冠体育app's Inner Mongolia autonomous region.
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