China Construction Bank pledges to provide $1.10 trillion financing for private economy

BEIJING (Reuters) – China Construction Bank, one of the country’s biggest commercial lenders, said on Tuesday that it would aim to provide no less than 8 trillion yuan ($1.10 trillion) in financing for the private economy by the end of 2027.

($1 = 7.2575 Chinese yuan renminbi)

(Reporting by Beijing Newsroom, Editing by Louise Heavens)