Despite their inherently limited lending scales, microcredit companies are playing an important role in China’s financial inclusion industry, analysts said.

As of the end of September, a total of 8,332 microcredit companies in China registered an aggregate loan balance of 972.1 billion yuan ($141 billion). That is equivalent to only a tiny fraction of traditional banks’ 66 trillion yuan loan balance relating to SMEs and the agricultural sector, according to official data.

Read More .. Source: China daily

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