ecns [expanded by feedex.net]: Chinese micro-credit firms lend 88.6 bln yuan in Q1-Q3

ecns [expanded by feedex.net]

ecns

Chinese micro-credit firms lend 88.6 bln yuan in Q1-Q3
http://www.ecns.cn/2014/10-26/139997.shtml
Oct 26th 2014, 01:25





2014-10-26 09:25


Micro-credit companies in China issued 88.6 billion yuan (14.4 billion U.S. dollars) of new loans in the nine months ending on Sept. 30, official figures showed.


The number of micro-credit companies has increased to 8,591, and their outstanding loans total 908 billion yuan as of Sept. 30, the People's Bank of China (central bank) said Friday in an online statement.


Micro-lenders largely target small companies and low-income groups in need of capital. Micro-finance has become an important channel for private capital to enter the financial market.


China approved establishment of micro-credit companies in 2005. The number of such companies bloomed from less than 500 in 2008 to over 4,000 in 2011, and 7,839 at the end of 2013.









ShareX





bSync




Sina Miniblog




QQ Miniblog





Renren


Sohu Miniblog


Kaixin001


QQ Friends


IFeng MB


Facebook


Tianya




Qzone


Douban


Baidu Hi


Netease MB


Email


Twitter


Copy URL





More... (133)


bShare







You are receiving this email because you subscribed to this feed at https://blogtrottr.com

If you no longer wish to receive these emails, you can unsubscribe here:
https://blogtrottr.com/unsubscribe/qhG/Zc7fXt