Small-credit companies extend more loans in H1

BEIJING, July 29 (Xinhua) -- China had 7,086 small-credit companies with a total loan balance of 704.3 billion yuan (114.14 billion U.S. dollars) at the end of June, according to the central bank on Monday.

The People's Bank of China said the credit expansion realized by small-credit companies in the first half stood at 112.1 billion yuan.

Small-credit companies provide financial services mainly for small- and micro-sized enterprises, people with low incomes and private rural households.

The report showed that east China's Jiangsu Province had 529 small-credit companies, the most of any provincial-level region, followed by northeast China's Liaoning Province and north China's Inner Mongolia Autonomous Region.

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