Prosperous real economy of Chongqing

The increments of corporate loans of Chongqing industries of manufacture, wholesale and retail and architecture rank top three at municipal level in the first half of 2012. The loan increments account for 20.41%, 16.69% and 14.50% of the total respectively. The manufacture industry loan increment is 18.253 billion yuan, up 1.14 billion yuan year on year, according to Chongqing Management Department of the People’s Bank of China on August 12, 2012.

In the first half of 2012, Chongqing financial institutions kept on optimizing credit orientation structure and focused on the investment in real economy and fields related to agriculture, farmers, rural areas and people’s livelihood, effectively backing the development of Chongqing.

In the meantime, cross-border RMB settlement enjoyed rapid growth. In the first half of 2012, the cross-border RMB settlement done by the banking and financial institutions of Chongqing hit 17.496 billion yuan, much more than that in the whole year of 2011.

During the period, 19 banking and financial institutions made cross-border RMB settlement for 234 enterprises (institutions) (20 more than that of the whole year of 2011).

Deng Jun