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China SME lending rises 8 percent
Official data from China's National Financial Regulatory Commission showed that total loans extended to small and micro-sized enterprises in China during the second quarter of this year amounted to 38.9 trillion yuan (approximately $5.73 trillion), reflecting an 8% year-on-year increase. Loans related to the agricultural sector reached 15 trillion yuan, up by 7.5%, while the assets of banking institutions totaled 498 trillion yuan, an increase of 6.6%. Banks maintained strong protective buffers against risks, with a loan loss coverage ratio of 202.87% and a capital adequacy ratio of 15.26%.
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