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China Development Bank issues 1.87 trln yuan of loans in H1

Xinhua News,BEIJING
2020-08-03 13:09

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BEIJING, Aug. 1 (Xinhua) -- China Development Bank has issued loans totaling 1.87 trillion yuan (about 267.7 billion U.S. dollars) in the first half of the year to facilitate epidemic control and economic growth.

The loans included 29.5 billion yuan to help epidemic prevention, 438.5 billion yuan to support business resumption, as well as 147.3 billion yuan of medium- and long-term funds to the manufacturing sector.

Other funds flowed to sectors including the protection of the Yangtze River, green development and small and micro businesses.

The lender pledged to actively make use of a variety of policy tools to serve economic recovery and growth.
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