Home Facts chongqing

Chongqing SME credit loan up 26.73% in 2010

Chongqing SME credit loan up 26.73% in 2010

Write: Namid [2011-05-20]

CHONGQING (CQNEWS) -- Chongqing financial institutions further enhanced the construction of SME special organizations in 2010. The loan balance of Chongqing SMEs had reached 408.566 billion yuan by the end of 2010, up 26.73% compared with the same period of 2009, 2.52 percentage points higher than the average growth rate compared with the same period of previous years, according to Chongqing Management Department of People s Bank of China on March 22, 2011.

Chongqing financial institutions enhanced their support for district and county SMEs and agricultural SMEs in 2010.

Chongqing Management Department of People s Bank of China will actively lead financial institutions to guarantee and improve people's livelihood, strengthen credit structure adjustment and enhance financial product & service innovation and promotion for economic development. (Translated by Tan Hongxia, Fathom Language Limited)