Since the beginning of this year, the balance of loans to the manufacturing industry has reached 30 trillion yuan, and the State Administration for Financial Supervision and Administration has announced loans to the manufacturing industry
The latest data from the State Administration of Financial Supervision and Administration shows that since the beginning of this year, China's banking industry has continuously increased its support for key areas. The balance of manufacturing loans continues to maintain rapid growth.
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Data shows that as of the end of May, the balance of loans invested by banking and financial institutions in the manufacturing industry reached 30 trillion yuan, a year-on-year increase of 18.9%. Among them, loans for high-tech manufacturing increased by 26.1% year-on-year, effectively driving the year-on-year growth of 12.8% in investment in China's high-tech manufacturing industry in the first five months.
![Since the beginning of this year, the balance of loans to the manufacturing industry has reached 30 trillion yuan, and the State Administration for Financial Supervision and Administration has announced loans to the manufacturing industry](https://a5qu.com/upload/images/889c9314d9aceec2274a04a40b833f44.jpg)
Zeng Gang, Deputy Director of the National Finance and Development Laboratory: The manufacturing industry has seen relatively rapid growth in credit investment in the first five months, which also reflects further optimization of the credit structure and an increase in our support for the real economy.
In the first five months, several banks maintained a high-speed growth in their manufacturing loan investment. The increase in manufacturing loans for Agricultural Bank of China in the first five months of this year was 1.5 times that of the same period last year, with a year-on-year growth rate of over 34% for high-tech manufacturing loans; The manufacturing loan balance of China Construction Bank increased by 33% year-on-year at the end of May; The loan growth rate in the communication equipment manufacturing sector of Bank of China has exceeded 50%. Industrial and Commercial Bank of China, Bank of Communications, Postal Savings Bank and other banks have also maintained rapid growth in manufacturing loans.
While maintaining rapid investment, the loan structure in the manufacturing industry has also been further optimized. At the end of May, medium - and long-term loans in the manufacturing industry increased by 37.2% year-on-year.
![Since the beginning of this year, the balance of loans to the manufacturing industry has reached 30 trillion yuan, and the State Administration for Financial Supervision and Administration has announced loans to the manufacturing industry](https://a5qu.com/upload/images/e0008a41c04f2c12c15539ceb708dc11.jpg)
Zeng Gang, Deputy Director of the National Finance and Development Laboratory: The growth of medium - and long-term loans in the manufacturing industry can help promote the development direction of high-end, intelligent, and green manufacturing. In the short term, it can drive our investment, promote economic recovery and growth, optimize the supply structure in the long term, and promote high-quality economic development.