·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 > China
China moves to tackle financing difficulties in rural, poor regions
Date:2019-03-13  Source:Xinhua

China's banking and insurance regulator has released a document to encourage financial support for agriculture, rural areas, farmers and poverty relief.

Banks will be required to fulfill special lending targets, including faster increases in loans to agriculture, rural areas and farmers than average lending growth and steady expansion in outstanding rural loans, according to the China Banking and Insurance Regulatory Commission.

Efforts should also be made to direct more funds to poverty-stricken regions and to ensure more rapid lending growth in this regard.

The commission asked large and medium-sized commercial banks to give internal incentives to lending to rural and poor areas and launch professional financial services to support rural development and poverty relief.

China has stepped up efforts to improve weak economic areas, with measures to vitalize rural regions and reduce poverty. Outstanding loans to rural areas totaled 33 trillion yuan (nearly 5 trillion U.S. dollars) at the end of 2018, up 5.6 percent from a year ago.

   Print   To Top    Close  

Related Articles

China to promote steady growth in consumption
ICBC lends trillions of yuan to manufacturing industry
Tibet's 2018 GDP growth calculated at 9.1 percent
China Warehouse Storage Index expands to 53.7 pct in January
China's crude oil output grows in January
China's service trade hits record high in 2018
China's urban public, private kindergartens need equal attention in development
Macao's visitors' spending up 13.6 pct in 2018
Xinjiang's foreign trade up 11.6 pct in January
CNPC reports fast business growth in January
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