Small businesses get financial support from Agricultural Bank of China amid epidemic

BEIJING (XINHUA) – The Agricultural Bank of China (ABC), one of China’s biggest commercial lenders, had provided more than CNY1 trillion (about USD140.8 billion) of inclusive loans for small businesses by the end of February, sources with the bank said.

Over one million small and micro firms had enjoyed financial support from the bank as of February.

The ABC has expanded the coverage of its inclusive loan service in its branches across the country and launched specific financial products to support the work and production resumption of small businesses.

The bank has seen an increase of more than 100,000 clients of small businesses for its inclusive loans so far this year, with over CNY180 billion in loans issued.

A man holds two 100-yuan banknotes withdrawn from a bank in Beijing, capital of China. PHOTO: XINHUA