BEIJING, Jan. 27 (Xinhua) -- Total assets of China Everbright Group rose to 4.8 trillion yuan (around 710 billion U.S. dollars) at the end of last year, president of the group Li Xiaopeng said.
That marks a 7-percent growth from the beginning of 2018, Li said at a work conference.
Revenues stood at 161.7 billion yuan in 2018, up 19 percent year on year.
The group's financial sector has made vigorous efforts to serve the real economy. Everbright Bank's lending growth to small and micro enterprises as well as low-income groups was 12 percentage points higher than the growth in all loans. Everbright Securities, the group's brokerage arm, allocated 2.5 billion yuan to establish a bailout fund for private companies.
The group will continue to support the development of the real economy in 2019 and adjust its credit policy to meet demands from advanced manufacturing and emerging industries, said Li.
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