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Wednesday, October 27, 2021
    Nepal Breaking NewsWorldIn the first half of the year, China's inclusive financing loans increased

    In the first half of the year, China’s inclusive financing loans increased

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    The People’s Bank China reported that inclusive financing loans increased by 3.26 trillion yuan (503.86 billion yuan) in the half this year, an increase of 832.4 billion yuan over the same last year.

    At the end June, the balance of inclusive financing loans amounted at 24.76 trillion yuan, up 25.5 percent year on year and 1.3 percentage higher than at the end 2020.

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    Inclusionary finance loans to small firms climbed by 2.65 trillion yuan, or 673.4 billion yuan, compared to the same period the previous year. By the end June, the total value of such loans had risen by 31% year on year to 17.74 trillion yuan.

    The total amount inclusive finance loans for farmers’ agricultural activities reached 6.59 trillion yuan, gaining 13.6% year on year.

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    The total amount start-up guarantee loans was 229.3 billion yuan, up 32.9% from the previous year. Student loan balances totaled 123.8 billion yuan, up 11.2 percent from the previous year.

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