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
Economy

Risks on loans to China's small firms under control: regulator

August 26, 2020


Abstract : The risks on loans to China's small and micro enterprises are generally controllable despite potential rise in bad loans involving them next year, China's banking regulator said Tuesday.

BEIJING, Aug. 25 (Xinhua) -- The risks on loans to China's small and micro enterprises are generally controllable despite potential rise in bad loans involving them next year, China's banking regulator said Tuesday.

Current outstanding bad loans involving the country's small and micro firms increased 9.25 percent year on year compared with the beginning of the year, Li Junfeng, an official with the China Banking and Insurance Regulatory Commission, told a press conference.

The ratio of non-performing loans at small and micro firms stood at 2.99 percent, 0.88 percentage points higher than the overall bad loan ratio, Li said, adding that the rate is within tolerable levels.

China has been stepping up efforts to channel funds into small businesses, offering them credit support and extending the period of some of their loans to mitigate the impact of the COVID-19 epidemic.

While outstanding bad loans involving small businesses may rise next year, the country has ample capacity and tools to cope with the pressure, Li said. Enditem

Scan the QR code and push it to your mobile phone

Keyword: loans small firms

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