Sep 15, 2009 05:56 PM

Half of Total Lending Goes to SMEs

By staff reporter Wang Zhen

By staff reporter Wang Zhen

(.com.cn) China's outstanding yuan loans to small and medium-sized enterprises stood at 12.52 trillion yuan at the end of June, or 53.7 percent of total outstanding corporation loans, a senior official from the China Banking Regulatory Commission said at a Sept. 15 banking conference.

Yang Jiacai, head of the CBRC's SME financial services division, said banks will not tighten lending to SMEs in the second half.

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