China’s Micro-Loan Companies Continue to Contract

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The scale of China’s micro-loan company sector has continued to contract since the start of 2022.

As of the end of March 2022 China was host to a total of 6232 micro-loan companies, with a collective loan balance of around 933 billion yuan, according to figures released by the Chinese central bank on 27 April.

The end-of-March loan balance marks a decline of 8.5 billion yuan during the opening quarter of 2022.