China micro-credit firms issue 98b yuan in loans
Updated: 2012-07-31 11:57
(Xinhua)
|
|||||||||
BEIJING -- New yuan-denominated loans issued by China's micro-credit companies hit 97.7 billion yuan ($15.51 billion) in the first half of the year, the central bank said Monday.
Their outstanding loans stood at 489.3 billion yuan as of the end of June, the People's Bank of China said in a statement on its website.
The number of micro-credit companies bloomed from less than 500 firms in 2008 to more than 5,000 as of June this year, according to data from the People's Bank of China and the China Micro-Credit Institution Joint Council, a self-regulatory organization.
In recent years, micro-lending companies have become an important channel for private capital to enter the financial market.
- Relief reaches isolated village
- Rainfall poses new threats to quake-hit region
- Funerals begin for Boston bombing victims
- Quake takeaway from China's Air Force
- Obama celebrates young inventors at science fair
- Earth Day marked around the world
- Volunteer team helping students find sense of normalcy
- Ethnic groups quick to join rescue efforts
Most Viewed
Editor's Picks
Supplies pour into isolated villages |
All-out efforts to save lives |
American abroad |
Industry savior: Big boys' toys |
New commissioner
|
Liaoning: China's oceangoing giant |
Today's Top News
Health new priority for quake zone
Xi meets US top military officer
Japan's boats driven out of Diaoyu
China mulls online shopping legislation
Bird flu death toll rises to 22
Putin appoints new ambassador to China
Japanese ships blocked from Diaoyu Islands
Inspired by Guan, more Chinese pick up golf
US Weekly
Beyond Yao
|
Money power |