Briefly

Futures market sees robust trading in July

China's futures market reported year-on-year growth in trading turnover in July, industry data showed. Futures trading last month stood at 686 million lots, with total turnover of 50.92 trillion yuan ($7.54 trillion), said the China Futures Association. The figures rose 11.12 percent and 2.32 percent from the same period last year, respectively. In the first seven months of the year, the market's trading was down 13.89 percent year-on-year to 3.73 billion lots, with a total turnover of 308.4 trillion yuan.

Inclusive finance sector shows strong loan data

China's inclusive finance sector maintained fast loan expansion from end-June 2021 to end-June 2022 as the country steps up credit support for the real economy, a central bank report showed. Outstanding renminbi loans for inclusive finance purposes reached 29.91 trillion yuan ($4.43 trillion) by the end of June, climbing 20.8 percent from the previous 12-month period, said the People's Bank of China. In the first half of 2022, the country saw its outstanding inclusive finance loans rise by 3.41 trillion yuan.

Xinhua