Data from China:China's loans to SMEs & Privately Funds
Balance of China's loans to small businesses totals 70.9 trln yuan
The balance of loans for micro and small businesses from Chinese banks totaled 70.9 trillion yuan (about 10 trillion U.S. dollars) at the end of 2023, according to a China Banking Association report.
With the popularity of automated banking services and online banking services, the number of over-the-counter transactions exceeded 491 billion last year, up 9 percent year on year, the report said.
The banking sector had some 41,700 customer service personnel at the end of 2023, it said.
This year, China's banking industry will continue to support the real economy and create a better financial environment for sustainable economic development, according to the report.
Value of China's privately offered funds hits 20.28 trln yuan by end-February
The value of China's privately offered funds stood at 20.28 trillion yuan (2.86 trillion U.S. dollars) at the end of February, down from 20.33 trillion yuan at the end of January, industrial data showed.
The number of private fund managers stood at 21,151 at the end of February, down from 21,594 at the end of January, according to the Asset Management Association of China.
The number of registered privately offered funds stood at 153,288 at the end of February, down from 153,756 at the end of January.
Established in 2012, the association is a self-regulatory organization that represents China's mutual fund industry.
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