Date
16 October 2017

Govt allocates 4.11 bln yuan to help rural banks, Xinhua says

The Ministry of Finance has allocated 4.11 billion yuan (US$674.01 million) to subsidize rural lenders, Xinhua news agency reported Monday, citing an unnamed official. The figure is 74 percent higher than a year earlier. The subsidies will be granted to rural banks, lending companies and rural financial cooperatives, the report said.

– Contact HKEJ at [email protected]

MY/AC/RA

 

 

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