China EximBank increases inclusive loans

BEIJING, Oct. 7 (Xinhua) -- The balance of on-lending loans for smaller banks issued by the Export-Import Bank of China (China EximBank) hit 140 billion yuan (about 19.72 billion U.S. dollars) at the end of August, data shows.

The figure increased 15 percent from the beginning of the year, the bank said.

It has been pooling efforts to boost inclusive finance. By the end of August, the bank had waived 451 million yuan worth of loan interest payments for micro, small and medium-sized enterprises affected by the COVID-19.

China EximBank is a state-funded and state-owned policy bank supporting China's foreign trade, investment and international economic cooperation.

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In World

Afghan capital hit by attacks near ex-PM Hekmatyar's office, Pakistan Embassy
U.S. detainee Whelan phones family after week of silence in Russia -statement
Pakistan says Kabul head of mission target of attack on embassy
Brazil's Lula needs minimum $29 billion waiver from spending cap to meet campaign promises, says aide
Sweden likely has to spend more than 2% on defence, top commander says - Swedish Radio
Malta's bishops urge lawmakers not to back 'abortion law'
French lower house votes to toughen penalties on illegal squatting in homes
Looting, forced removals plague Ethiopia's Tigray despite truce - witnesses
Pakistan ex-PM Khan urges government to hold talks over snap polls
Kenya's president suspends senior election officials who disowned his win

Others Also Read