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Bank of China ups support for inclusive financing

XINHUA

發布於 03月25日09:13 • Zhao Yang,Yao Junfang,rongjiaojiao(yidu)
Staff members dry tofu skins at a bean products processing company in Huainan City, east China's Anhui Province, Jan. 16, 2024. (Xinhua/Huang Bohan)
Staff members dry tofu skins at a bean products processing company in Huainan City, east China's Anhui Province, Jan. 16, 2024. (Xinhua/Huang Bohan)

BEIJING, March 25 (Xinhua) -- The Bank of China, one of the country's four big state-owned lenders, has strengthened its support for inclusive financing in recent years.

By the end of 2023, its outstanding inclusive loans topped 1.7 trillion yuan (about 239.42 billion U.S. dollars), with an average growth rate of more than 40 percent in the past three years, according to the bank.

It has offered inclusive financial services to more than 1.07 million clients in multiple fields, such as employment and entrepreneurship, foreign exchange and foreign trade, as well as agriculture.

In the next stage, the bank will focus on areas including employment and people's livelihood, new quality productive forces and rural revitalization, and improve the quality and effectiveness of inclusive financial services. ■

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