Maoming has experienced the fastest growth in manufacturing loans among all cities in Guangdong province in the first three quarters of this year, according to the latest data from the Maoming Branch of the People's Bank of China.
By the end of the third quarter, Maoming's manufacturing loans surged 31.76% year-on-year—the highest in Guangdong—totaling 188.78 billion yuan, up 9.52%, reflecting stronger financial support for the real economy.
Credit expanded robustly across multiple sectors, with loans to transport, storage, and postal services up 17.33%—the third highest in the province—and utility lending rising 13.03%, ranking seventh.
Corporate loans maintained strong momentum, climbing 11.23% to 113.03 billion yuan, outperforming the provincial average by 4.26 percentage points. Medium- and long-term corporate loans grew notably by 10.67 billion yuan, an increase of 15.53%.
Targeted financial support has also been enhanced. Technology-related lending reached 3.3 billion yuan, while green finance supported 14 low-carbon projects, reducing carbon emissions by 13,100 tons. Inclusive loans to small and micro enterprises rose 15.15% to 57.23 billion yuan.
The credit growth reflects Maoming's steady economic recovery, driven by stronger fixed-asset investment and retail sales, which have fueled demand for corporate loans.
Reporter & Photo: Yang Jianxiong
Editor: Liu Lingzhi, James Campion, Shen He
