BEIJING, May 9, 2022 (Xinhua) Figures from the Chinese central bank revealed that the outstanding loans of Chinese banking institutions amounted to 201.01 trillion yuan (regarding 30.3 trillion US dollars) by the end of the first quarter of this year.
The figure represented an increase of 11.4 percent year on year, according to the People’s Bank of China (China’s central bank).
In the first quarter of this year, the volume of new yuan-denominated loans reached 8.34 trillion yuan, up 663.6 billion yuan over the previous year.
Loans in comprehensive financing maintained rapid growth, with a balance of 28.48 trillion yuan at the end of the first quarter, up 21.4 percent year on year, according to the bank.
Meanwhile, the balance of yuan and foreign exchange-denominated green loans reached 18.07 trillion yuan, up 38.6 percent over the same period last year.
The bank said that outstanding loans to the areas of modernization of environmentally friendly infrastructure facilities, clean energy, as well as energy saving and environmental protection, recorded a growth of more than 30 percent year on year.
