Huizhou's medium-and long-term loans for manufacturing industry rise 14.1% in H1

In the first half of this year, the financial industry in Huizhou continuously increased financial support for major strategies, key areas, and weak links, promoting a downward trend in financing interest rates for the real economy.

Staff from Huizhou Branch of Bank of China learn about fincial need in an enterprise. 通讯员 Huizhou Branch of Bank of China 供图

Staff from Huizhou Branch of Bank of China learn about financial needs of an enterprise. 

As of the end of June, the balance of domestic and foreign currency deposits in Huizhou reached 981.08 billion yuan, a year-on-year increase of 3.6%, while the loan balance was 1,129.18 billion yuan, up 2.8% year on year.

During this period, Huizhou's credit resources accelerated towards key areas such as infrastructure, scientific and technological innovation, green development, and new-quality productivity industries. As of the end of June, the balance of infrastructure loans in Huizhou was 105.23 billion yuan, up 18.9% year on year; the balance of manufacturing loans was 218.31 billion yuan, an increase of 8.57 billion yuan compared to the beginning of the year. Among these, medium- and long-term loans for the manufacturing industry increased by 14.1% year on year, medium- and long-term loans for advanced manufacturing increased by 12.0% year on year, and medium- and long-term loans for high-tech manufacturing increased by 9.8% year on year.

Regarding inclusive financial support, as of the end of June, the balance of agricultural-related loans in Huizhou was 178.93 billion yuan, up 12.3%. The balance of inclusive small and micro loans was 137.72 billion yuan, up 10.8%. The balance of loans to private enterprises was 292.57 billion yuan, an increase of 1.1% year on year.

Reporter: Liu Guangmingbao

Photo: Huizhou Branch of Bank of China 

Editor: Wei Shen, James, Shen He

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