The loans disbursed in China's rural areas increased 31.5% y/y and totaled CNY 9.8trn by the end of last year. As reported by Xinhua's China Economic Information Service, according to a report released by the country's central bank, the hike in rural lending was 11.9% points higher than that of all lending by financial institutions. Among the loans to rural areas, CNY 2.6trn was held by rural residents, an increase of 29.4% y/y.The increase was 8.3% points lower than total loans to urban residents, largely due to urban residents spending more on buying homes in a rising housing market. |
Hong Kong's composite interest rate declined 3 basis points (bps) registering 0.25% in February this year. As reported by News.gov.hk, the decrease in the composite rates was due to the decline ... more
Thailand's government is likely to offer financial support for export-oriented small- and medium-sized enterprises (SMEs) and the indigenous industry, resulting in an increase in volume and value ... more
Singapore's small businesses are expected to be having concerns regarding the new and diverse government incentive schemes, which were announced in the recent Budget. As reported by ... more