On October 30, the Huizhou branch of the People's Bank of China reported a steady recovery in major financial indicators and ongoing credit optimization in the first three quarters, with stronger support for infrastructure, manufacturing, and innovation driving high-quality economic growth.
A worker inspects the workshop of a manufacturing enterprise in Huizhou.
By the end of September, Huizhou's total local and foreign currency loans reached 1,136.67 billion yuan, up 3.8% year-on-year, while deposits totaled 991.13 billion yuan, a 0.6% increase. Credit increasingly flowed to key areas, including infrastructure, technological innovation, green development, and enterprises promoting new quality productivity.
Specifically, infrastructure loans reached 104.39 billion yuan, up 9.7% from a year earlier. The manufacturing sector saw its loan balance hit 227.23 billion yuan, a 4.1% increase, with medium- and long-term manufacturing loans showing a notable 11.3% growth.
Financial resources have also been effectively directed to support weaker sectors, enhancing financing for rural revitalization and private, small, and micro enterprises, while financing costs for the real economy continue to decline.
Reporter | Liu Guangmingbao
Photo | Liang Weichun
Editor | Liu Lingzhi, James Campion, Shen He
