As of the end of August, China Everbright Bank, a national joint-stock commercial bank, had steadily increased its loans to support the agricultural sector, poverty alleviation and rural revitalization in the country.

The bank's outstanding agriculture-related loans amounted to 411.9 billion yuan (about 58 billion U.S. dollars) as of the end of August.

Meanwhile, the bank has leveraged the role of e-commerce in boosting the development of rural companies.

It helped 232 rural companies launch 1,050 types of pro-agriculture products online by the end of August, with the total sales value reaching 148 million yuan.

Source:
courtesy of XINHUA NEWS AGENCY

by XINHUA NEWS AGENCY

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