·Chinese(gb) ·English ·ฉบับภาษาไทย ·Tiếng Việt
WAPWeb Accessibility RSS
Home About Liuzhou Government Liuzhou News Live in Liuzhou Travel in Liuzhou Invest in Liuzhou Interact
Current Location:  Home > Liuzhou News > Economy & Business > Finace News
 
China to strengthen inclusive finance in rural areas
 
Date:2018-03-20  Source:Xinhua
 China will make rural area the key focus in developing inclusive finance to improve financial institutions' rural vitalization strategies.

The growth of inclusive loans to farmers and small and micro agricultural businesses should be no slower than the average lending growth, while credit for targeted poverty alleviation should grow at a higher speed, according to a document on promoting rural financing issued by Chinese banking authorities.

By the end of the year, townships without banking institutions and villages without basic financial services should be cut by over one-third, the document said.

Such financial services covered 96.44 percent of villages in China at the end of 2017, while 95.99 percent of townships had financial institutions.

The innovation of financial products and services as well as strengthening oversight on risks were also highlighted in the document.

At the end of last year, China's outstanding loans to farmers, agriculture and rural areas totaled 30.95 trillion yuan (4.89 trillion U.S. dollars), up 9.64 percent year on year. 

   Print   To Top    Close  
0

Related Articles

Trade volume between Pakistan, China's Zhejiang hits 4 bln USD
Feature: China's automaker Chery bets on Brazil's economic recovery to gain m...
China Focus: Tiangong-1 unlikely to cause damage to ground
Chinese scientists discover possible cause of the Great Dying
China sends twin BeiDou-3 navigation satellites into space
Across China: Walnut producer smells new opportunity in coffee industry
China raises retail fuel prices
Aliyun works with Chinese university to cultivate big data talent
Inland container depot opens in northern Laos to facilitate trade with China
Chinese hi-tech firm showcases breakthrough in water treatment
   
Home  │ About Liuzhou  │ Site Map  │ Service and Privacy │ FAQ │ Download Forms   │ Contact Us
Copyright (C) 2006 The People's Government of Liuzhou Municipality,All Rights Reserved
Sponsored by Liuzhou Informational Leading Group Office (The Bureau Of The Information Industry Of Liuzhou)
Prepared by Liuzhou Network Management Centre Address:No. 66, Sanzhong Road, Liuzhou, China
ICP Certificate No.05009280