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Advancement of the Chinese credit score sector in the second quarter of 2022

BEIJING, September 11 (QNA) – China’s credit rating market knowledgeable continual advancement in the next quarter of this year, reaching 21.11 trillion yuan (about 3.06 trillion US pounds) at the conclusion of June, with a enhance of 471.5 billion yuan, or 2.28 %.

Info from the China Credit Association showed that asset value rose 948.3 billion yuan, or 4.7%, on a quarterly foundation.

In conditions of financial commitment in credit history, 26.37% of the money, the greatest share of all, went to industrial and business enterprises, indicating the continued assistance of the sector for the actual financial system.

Investments in securities and bonds accounted for 4.52% and 19.7% respectively, although the actual estate sector obtained 9.53% of the full expense.

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