Loans surge for SME firms

Loans from banks to small and micro enterprises are booming in Shenzhen, according to official reports. As of the end of April 2021, total outstanding loans to SMEs were up by 44.4% year-on-year; reaching 844,400 companies, an increase of 46.8% year-on-year. Foreign companies were even more favored: loans to them rose by 76.3% year-on-year. So far this year, more than 10,000 companies have obtained bank loans for the first time.

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