MICROCAPITAL BRIEF: Microfinance Institutions in China Report $58b in Outstanding Loans

As of November 2011, China’s microfinance industry reportedly included 4,144 microfinance institutions with CNY 23 billion (USD 3.6 billion) in profits and CNY 369.4 billion (USD 58 billion) of outstanding loans. Outstanding loans reportedly increased by 11.2 percent from the previous year while profits rose by 17 percent. The Chinese government has been encouraging the development of the microfinance industry, and the People’s Bank of China (PBOC) reportedly intends to optimize credit structure further and place more emphasis on small and microenterprises.

By Ariana Malushi, Research Associate

Sources and additional resources

China Daily: “China Has more than 4,000 Micro-finance Companies”
http://www.chinadaily.com.cn/usa/business/2012-01/10/content_14414813.htm

MicroCapital.org Story, June 21, 2011, “MICROCAPITAL BRIEF: After Farmers Reject Bank Cards, China’s Harbin Bank “Cash Caravans” Bring Microfinance to Villagers”
https://www.microcapital.org/microcapital-brief-after-farmers-reject-bank-cards-china’s-harbin-bank-“cash-caravans”-bring-microfinance-to-villagers/

MicroCapital.org Story, May 16, 2011, MICROCAPITAL BRIEF: Observers: Chinese Government Should Help Foreign Investors Navigate Microfinance Sector
https://www.microcapital.org/microcapital-brief-observers-chinese-government-should-help-foreign-investors-navigate-microfinance-sector/

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