The Huizhou Branch of the People's Bank of China released its financial operation analysis for the first seven months of this year on August 26, highlighting sustained financial support for major strategies, key sectors, and economically weaker areas. Specialized loan indicators, including medium- and long-term manufacturing loans and infrastructure loans, maintained robust growth.
The liquefied hydrocarbon port invested in by Huizhou Port Investment Group Limited.
By the end of July, the total balance of loans in local and foreign currencies in Huizhou reached RMB 1,129.74 billion, up 3.6% year-on-year. The total deposit balance stood at RMB 968.79 billion, up 4.1% year-on-year.
During this period, credit resources were increasingly allocated to key sectors such as infrastructure, technological innovation, and enterprises driving new quality productive forces. Infrastructure loans rose by 15.2% as of the end of July. Meanwhile, financial services continued to enhance their support for innovation-driven development: medium- and long-term manufacturing loans grew by 14.1%, with the advanced manufacturing and high-tech manufacturing sectors recording increases of 11.8% and 10.9%, respectively.
Since the beginning of the year, financial resources have been effectively directed to weaker segments of the local economy. By the end of July, agriculture-related loans in Huizhou increased by 10.3% year-on-year, while inclusive loans to small and micro enterprises grew by 9.2%. In addition, the average interest rate on newly issued loans in the city decreased by 72.6 basis points compared to the same period last year, contributing to a continued reduction in financing costs for the real economy.
Reporter | Liu Guangmingbao
Photo | Huizhou Port Investment Group Limited
Editor | Wei Shen, James Campion, Shen He
