6 Apr / 2017

Five years Xining’s credit consumption grew by an average annual rate of 30 7%

Now the public on consumer credit that things are no longer strangers, in housing, cars, education and a part of consumer durable goods and other fields, there are different scale of consumer credit activities, reporters learned from the Municipal Bureau of statistics, in recent years, the city residents of the traditional consumption concept is undergoing profound changes, gradually expanding the scope of personal credit consumption. The city’s financial institutions RMB credit consumption has increased from 2010 yuan at the end of to $2015 by the end of 18 billion 716 million, an increase of $13 billion 817 million, an average annual growth of 30.7%. With the "Internet plus" action plan for deepening, the Internet also accelerated rise in consumer finance.

"12th Five-Year" period, Xining area actively introduce bank, Shanghai Pudong Development Bank, China Merchants Bank and a number of large financial institutions, the financial sector continued to maintain healthy and rapid development, more and more obvious in the economic and social development, to provide a strong support for the city’s economic and social development. Xining’s financial sector added value increased from 4 billion 645 million yuan in 2010 to $12 billion 199 million in 2015, an increase of $7 billion 554 million, an average annual growth of 18.1%. From the city’s financial institutions RMB deposit and loan balances, 354 billion 843 million yuan deposits in financial institutions RMB 162 billion 321 million yuan from 2010 at the end of the increase to the end of 2015, an increase of 192 billion 522 million yuan, an average annual growth rate of 16.8%; 409 billion 593 million yuan of loans by 154 billion 208 million yuan at the end of 2010 to the end of 2015, an increase of 255 billion 385 million yuan, an average annual growth rate 21.6%, fully display the city’s economy vitality, social credit environment, financial reform is a good momentum of development, the role of the financial industry in the market in the allocation of resources is more outstanding.  

Leave a Reply

Your email address will not be published. Required fields are marked *