Maoming's manufacturing sector continues to receive strong financial backing, leading Guangdong in loan growth for three consecutive months, according to the latest data from the People's Bank of China Maoming Branch.
Maoming Petrochemical Company
As of May, Maoming's outstanding manufacturing loans totaled 21.59 billion yuan, marking a 28% year-on-year increase—25.8 percentage points above the provincial average. Medium- and long-term loans rose by 34.6%, driven by rapid growth in petrochemicals (up 365.1%) and agricultural processing (up 38.8%).
As a major petrochemical hub, Maoming is directing financing toward high-end, smart, and green industrial upgrades. Leading enterprises such as Maoming Petrochemical have secured 2.8 billion yuan in technology renovation loans. Banks have also introduced tailored products—such as "Specialized & Innovative Loans" for high-tech firms—boosting the sector's total credit balance to 8.73 billion yuan, an increase of 17.3%.
Green financing gained momentum in Maoming, with 2.78 billion yuan in green loans supporting low-carbon projects, highlighted by a 50-million-yuan investment in a carbon fiber facility.
This growth reflects Maoming's commitment to aligning finance with industrial modernization, positioning the city as a model for regional economic transformation.
Reporter & Photo | Yang Jianxiong
Editor | Liu Lingzhi, James, Shen He
