Xizang financing expands 19.3% as new commercial loan rate stands at 1.26%

Outstanding financing in southwest China’s Xizang Autonomous Region reached 1.1 trillion yuan ($162 billion) at the end of June, up 19.3% from a year earlier, while the weighted average rate on newly issued general commercial loans stood at 1.26% in the first half, data from the regional branch of the People’s Bank of China showed Tuesday.