Medium and Long Term Loans

Description
As stipulated in the “General Rules on Loans” issued by the People’s Bank of China, the term for mid-term loans is longer than 1 year and no longer than 5 years (>1 year and ≦5 years) while the term for long-term loans is longer than 5 years, including loans for technological transformation, loans for basic construction, project loans, and real estate loans.