BEIJING, Oct. 25 (Xinhua) -- Small and micro-sized enterprises (SMEs) in Beijing saw loan interest rates drop notably in the first three quarters of 2018, according to the People's Bank of China (PBoC).
Meanwhile, the SMEs also witnessed outstanding loans grow quickly during the first nine months.
Statistics showed that the weighted average interest rates on the loans of small enterprises and micro-sized enterprises whose credit lines granted by banks are below 5 million yuan stood at 5.9336 percent and 6.8765 percent respectively in September, registering a month-on-month decrease of 31 and 59 basis points respectively.
Besides, as of the end of September, the outstanding value of SME loans which belong to the inclusive finance in Beijing had amounted to 258.83 billion yuan, an increase of 26.7 percent year on year.
The loan structure for SMEs has been further optimized. Loans in information transmission, software and information technology service increased by 7.11 billion yuan from January to September, 4.5 times that of the value registered in the same period last year. (Edited by Gu Shanshan, Zhang Yuan, zhangyuan11@xinhua.org)
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