Chinese bank lending to small businesses rose last year as government policy continued to support them to generate jobs and growth, the central bank said yesterday.

Outstanding loans to small businesses in China rose by 13.9 percent annually to 17.39 trillion yuan (US$2.6 trillion), the People’s Bank of China said.

The pace was 2.7 and 5.3 percentage points faster than the growth in loans received last year by large and mid-sized firms, respectively.

The loans to small firms took up 31.2 percent of China’s total loans to enterprises in 2015, up 0.8 percentage points from 2014, the PBOC said.

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