Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Agricultural Development Bank of China
News for Outlets

Chinese banks' anti-epidemic credit support exceeds 1.15 trln yuan

March 03, 2020


Abstract : Chinese banking institutions had offered credit support of over 1.15 trillion yuan as of Monday noon to meet firms' financing needs for epidemic prevention and control, the Xinhua-run cs.com.cn reported on Monday.

BEIJING, March 3 (Xinhua) -- Chinese banking institutions had offered credit support of over 1.15 trillion yuan as of Monday noon to meet firms' financing needs for epidemic prevention and control, the Xinhua-run cs.com.cn reported on Monday.

Of the total, China Development Bank had provided loans of about 47.20 billion yuan to related firms for epidemic prevention and control and production.

The Agricultural Development Bank of China and the Export-Import Bank of China had granted loans totaling 76.31 billion yuan to related firms.

China’s six big commercial banks including the Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, Bank of China, Bank of Communications and Postal Savings Bank of China had offered a total of 268.18 billion yuan worth of loans to related firms.

In addition, 12 joint-stock commercial banks including SPD Bank, China Merchants Bank and China CITIC Bank had provided 405.0 billion yuan of loans in total. (Edited by Zhang Yuan, zhangyuan11@xinhua.org)

Scan the QR code and push it to your mobile phone

Keyword: bank company amid epidemic

Reading:

China to provide financial support to epidemic-affected high-quality projects, firms under B&R construction

Beijing ups financial support for epidemic-affected cultural enterprises

China's gov'nt bonds formally included into JP Morgan GBI-EM suite

China Government Bonds officially included in J.P. Morgan's GBI-EM

Sci-tech firms in Shanghai raise 5.46 bln yuan on STAR market in 2019

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial