Targeted funds continue to be used for precise and high-quality development of drip irrigation, continuously accumulating structural strength | loans | high-quality drip irrigation
CCTV News: Where did all the funds go in the first half of this year? Which areas have received key support? Continue to watch the journalist's interview.
After sorting out the direction of credit structure funds in the first half of the year, we found that key areas and weak links of the national economy, such as inclusive finance, technological innovation, green development, and infrastructure, are the areas where funds are mainly flowing. Let's take a look at this set of data: at the end of June, the balance of medium and long-term loans invested in the manufacturing industry increased by 40.3% year-on-year, and the balance of inclusive small and micro loans also increased by 26.1% year-on-year; The balance of loans for small and medium-sized enterprises with specialization, refinement, and novelty has maintained a growth rate of over 20% for 14 consecutive months.
Bank of China Securities Global Chief Economist Guan Tao: This blue line represents the average growth rate of RMB loan balances. The growth rate of balances related to agriculture, inclusive finance, inclusive small and micro enterprises, and green loans is far higher than the average growth rate of RMB loans.
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Wen Bin, Chief Economist of China Minsheng Bank: In terms of key areas, it is important to increase credit support for the manufacturing industry, especially in encouraging and supporting our manufacturing industry to increase investment and growth, which is still very obvious and significant.
How do funds achieve targeted support and precise drip irrigation? Experts told reporters that opening the monetary policy toolbox, multiple structural monetary policy tools such as technological innovation, carbon reduction, clean and efficient utilization of coal, and equipment renewal and renovation loans are precisely ensuring that funds can flow towards the areas that need support. The characteristics of these tools are focusing on key points, being reasonable and moderate, and having both progress and retreat.
Guan Tao, Global Chief Economist of Bank of China Securities: An important feature of structured monetary financial instruments is precise drip irrigation and targeted support. For example, our equipment upgrade and renovation loans not only have quota support, but also require loan interest rates under this item to be relatively favorable, less than 2%. At the same time, there is also a means of fiscal interest subsidies, which is difficult to achieve through total quantity control.
![Targeted funds continue to be used for precise and high-quality development of drip irrigation, continuously accumulating structural strength | loans | high-quality drip irrigation](https://a5qu.com/upload/images/e39b8a23e334fc5adb9d2e03c8a60152.jpg)
Dong Ximiao, Chief Researcher of Zhaolian: Currently, there are a total of 17 structural monetary policy tools created by the central bank. Therefore, the total amount of these 17 structural monetary policies is expected to reach around 7 trillion yuan by the first half of this year, accounting for about 16% of the total assets of the central bank.
In just the first quarter, the balance of structured monetary financial instruments in China increased by 375.4 billion yuan, equivalent to 120% of the increase in basic currency issuance by the People's Bank of China during the same period. Experts told reporters that under the continuous drip irrigation of targeted funds, China's driving force for scientific and technological innovation continues to strengthen, green transformation is steadily advancing, and the power of high-quality development is constantly accumulating.