Financial institutions issue record-high number of renminbi loans

13.01.2021

Chinese financial institutions issued 19.63 trillion yuan ($3.03 trillion) in renminbi loans in 2020, a record-high level that increased by 2.82 trillion yuan from 2019, the central bank reported on Tuesday.

The aggregate financing, which is formed by all types of financing to the real economy, hit 284.83 trillion yuan by...