Financial support for the economy continued to strengthen in the first half of the year | press conference | economy
CCTV News: The State Council Information Office held a press conference today to introduce the financial statistical data for the first half of 2023. In the first half of the year, the prudent monetary policy was precise and effective, promoting the overall improvement of economic operation.
From a total perspective, liquidity is reasonable and abundant, stabilizing support for the real economy.
![Financial support for the economy continued to strengthen in the first half of the year | press conference | economy](https://a5qu.com/upload/images/270344e2201423193fa40947e4ba2190.jpg)
From a structural perspective, the credit structure continues to optimize and enhance the driving force of economic development. At the end of June, the balance of medium and long-term loans in the manufacturing industry increased by 40.3% year-on-year, 29.0 percentage points higher than the growth rate of various loans; The balance of loans for "specialized, refined, and innovative" small and medium-sized enterprises increased by 20.4% year-on-year, 9.1 percentage points higher than the growth rate of various loans; The balance of inclusive small and micro loans increased by 26.1% year-on-year, 14.8 percentage points higher than the growth rate of various loans.
From the perspective of interest rates, the financing cost of the real economy has steadily decreased. In the first half of the year, the weighted average interest rate for newly issued corporate loans was 3.96%, 25 basis points lower than the same period last year.
![Financial support for the economy continued to strengthen in the first half of the year | press conference | economy](https://a5qu.com/upload/images/ddb22052b5a8133fec42b34231004a88.jpg)