Briefly

Software, IT services' financials up in Jan-Feb

China's software and information technology services industry reported steady growth in revenue and profits in the first two months of this year, data from the Ministry of Industry and Information Technology showed. Profits expanded more than 12 percent year-on-year to almost 177 billion yuan ($25.74 billion) in the January-February period, while revenue grew by 11 percent to 1.45 trillion yuan. Revenue from software products increased by 9.5 percent year-on-year to nearly 338 billion yuan, while that for IT services expanded to 943.4 billion yuan, up 11.6 percent.

ABC's outstanding inclusive loans rise

Agricultural Bank of China, one of the country's four big State-owned lenders, said its outstanding inclusive loans exceeded 3 trillion yuan ($436.6 billion) as of Monday. They were issued to groups including small and micro enterprises, self-employed businesses and farmers. Such loans rose by 443.3 billion yuan from the beginning of the year, the bank said. The lender has been stepping up its efforts to provide inclusive financial support for small businesses, focusing on enterprises in areas such as rural revitalization, scientific and technological innovation, and green development.

Xinhua - China Daily