Home » world » ADBC Agricultural Bank of China: Net Credit, Bond Issuance, and Funding Support for Chinese Agricultural Sector

ADBC Agricultural Bank of China: Net Credit, Bond Issuance, and Funding Support for Chinese Agricultural Sector

2023-07-17 11:51:00

Xinhua News Agency reported from Beijing, China, on July 17 that as of the end of June, the total net credit issued by ADBC ​​stood at 829 billion yuan (regarding 4.01 yuan). trillion baht) and outstanding credit balance stood at 8.57 trillion yuan (regarding 41.42 trillion baht) during the period.

Meanwhile, ADBC ​​issued bonds worth regarding 1.25 trillion yuan (regarding 1.64 trillion baht) in the first six months, amid efforts to increase funding support. to China’s agricultural sector and rural areas.

Incidentally, the Agricultural Development Bank of China. Founded in 1994, it is China’s only agricultural policy financial institution. and is under the direct supervision of the Chinese Cabinet.

Information-Image : XINHUA

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