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At the end of June, the Hangzhou-based bank's such loans surpassed 620 billion yuan (.7 billion), up 10.42 percent from the beginning of 2020, and accounted for 63.54 percent of the bank's total outstanding loans to firms, the bank's president Xu Renyan said at a press conference in Beijing.
At the ongoing "Summer Davos", an annual event organized by the World Economic Forum in China, Zhu shared his projection that the result of the Sino-US meeting may slow down the US central bank's steps in cutting interest rates, although one reduction is still possible this year.
At separate panels, several ambassadors to China from Europe and Africa joined bankers and corporate managers in discussing ways to tackle challenges, with a panel for representatives from the Portuguese-speaking nations of Angola, Brazil, Cape Verde, Guinea-Bissau, Mozambique, Portugal, Sao Tome and Principe, and Timor-Leste.
At the summit last year, six businesses were invited to pitch their ideas to Chinese investors, and three companies went on to launch products and services in China for the first time.
At the beginning of this year, the State Council released a guideline regarding the deepening reform of the Shanghai zone. According to Zhu Min, deputy director of the Shanghai Development and Reform Commission, local authorities have started the 98 reforms concerning the guideline.
来源：资阳报