13 December 2018

Small lenders issued 226.8 bln yuan loans in 2013, Xinhua says

Small lending firms in China extended a combined 226.8 billion yuan (US$37.52 billion) in new loans in 2013, Xinhua news agency reported Sunday, citing data from the central bank. China has 7,839 small loan companies, with outstanding loans amounting to 819.1 billion yuan at the end of last year. Jiangsu has the most number of small loan firms among all the provinces, the report said.

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