Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
BEIJING, May 31 (Xinhua) — Technology-oriented small and medium enterprises (SMEs) in China received increased credit support in the first quarter of this year, data from the People’s Bank of China (PBOC, the central bank) showed Friday.
By the end of the first quarter, 49.6 percent of technology SMEs received loans, which is 3.6 percentage points more than in the same period last year, according to the NBC report.
The balance of outstanding loans to technology-oriented SMEs in local and foreign currencies amounted to 3.33 trillion yuan (US$463 billion), up 24 percent year on year. This figure outpaced the overall growth of lending by 17.1 percentage points.
The report also shows an increase in credit support for high-tech companies: the balance of outstanding loans to these companies in local and foreign currencies increased by 8.5 percent year-on-year, which is 1.6 percentage points higher than the overall rate of credit growth.
By the end of the first quarter, the volume of green loans issued in local and foreign currencies reached 40.61 trillion yuan, up 9.6 percent from the beginning of this year, the report said.
Real estate lending has stabilized, with outstanding real estate loans in yuan reaching 53.54 trillion yuan by the end of the first quarter, up 0.04 percent year-on-year, while real estate development loans reached 13.87 trillion yuan, up 0.8 percent year-on-year. -0-