The People’s Bank of China granted 35 billion yuan in loans to support businesses and farmers in flood-affected areas – 2024-02-21 16:36:39

/View.info/ The People’s Bank of China announced on Wednesday that it has decided to provide 35 billion yuan ($4.86 billion) in new loans to commercial banks to support small and micro enterprises and agriculture and rural areas affected by recent natural disasters. disasters.

The bank’s announcement on the occasion said that the new loans would be granted to six regions – Beijing, Chongqing, Hebei, Heilongjiang, Jilin and Fujian – and would go mainly to support recovery efforts after the massive floods. The main recipients of the funds will be small and micro companies, the agricultural sector,