USEUROPEAFRICAASIA 中文双语Français
China
Home / China / Society

Record financial institutions operate in Tibet

Xinhua | Updated: 2017-04-07 12:43

LHASA -- A record 15 financial institutions had opened offices in Tibet autonomous region, Southwest China, by the end of 2016, the region's banking regulatory commission said Friday.

According to official data, the 15 institutions' total assets balance was 523.3 billion yuan ($75.9 billion), a year-on-year increase of 29.2 percent.

Policy banks, state-owned commercial banks, national and local joint-stock commercial banks, rural financial institutions and non-banking financial institutions including trusts and rental businesses have opened 688 branches in urban and rural areas in the region with over 9,000 employees, said Li Mingxiao, director of the commission.

Local and foreign currency loans exceeded 300 billion yuan by the end of last year, up 43.5 percent year on year, half of which were granted to small and micro businesses as well as the agricultural sector, which greatly promoted the economic and social development in Tibet.

Editor's picks
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US