Off the wire
• China Focus: Discolored river highlights troubled waters  • Shandong into last 16, Guangzhou suffer early exit  • Refugee crossings to Europe in decline: Turkish FM  • Spotlight: China, U.S., EU differ widely in tackling steel overcapacity  • Feature: Rwanda remembers Queen Gicanda killed in genocide  • U.S. stocks open mixed amid earnings reports  • Hainan duty-free sales surpass 19 bln yuan  • Chinese vice premier welcomes U.S. firms to strengthen high-tech exchanges  • Bomb scare on Indian flight turns out hoax  • 500 plaintiffs to sue Japanese gov't for violating constitution  
You are here: 　 Home

Outstanding loans amount to 98.56 trln yuan by March

Xinhua, April 20, 2016 Adjust font size:

Outstanding loans extended by China's financial institutions amounted to 98.56 trillion yuan (15.26 trillion U.S. dollars) by the end of March, the People's Bank of China, or the central bank, said on Wednesday.

This represented a 14.7-percent increase year on year, according to a report posted on the central bank's website.

Of the 98.56 trillion yuan, 37.56 trillion yuan were medium- and long-term loans, up 11.9 percent year on year.

Outstanding loans extended to small businesses rose by 14.5 percent year on year to 18.75 trillion yuan by the end of March, up 0.6 percentage points from the end of 2015, the report said.

Loans to China's real estate sector continued to rise at a steady pace as the property market began to show signs of recovery.

By the end of March, financial institutions in China had lent 22.51 trillion yuan to the property sector, up 22.2 percent year on year. Endi