News Column

H1 CNY6.2trn Loans Granted to Support Real Economy

July 28, 2014

BEIJING, July 28, SinoCast -- A total of CNY 6.2 trillion loans were granted in the first half of this year, growing 13.7% over a year earlier, disclosed CBRC Chairman Shang Fulin.

The loans were mainly invested in the country's key projects and livelihood projects to give a strong support to the real economy.

As of the end of June, main commercial banks granted loans of more than CNY 2 trillion in energy saving and environmental protection, new-generation information technology, high-end equipment manufacturing and other strategic emerging industries; more than CNY 500 billion in the cultural industry; more than CNY 1 trillion to the government-subsidized housing project. Commercial banks' non-performing loan ratio was 1.08%, up 0.08 percentage points over the beginning of the year; NPL outstanding added CNY 102.4 billion over the beginning of the year.

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Source: Sinocast Banking & Credit Beat (China)

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