Recently, the Huizhou Branch of the People's Bank of China released the city's financial analysis from January to May this year. During this period, Huizhou's financial institutions facilitated sustained rapid growth in key loan indicators, including medium-to-long-term manufacturing loans and infrastructure loans, while financing costs for the real economy continued to decline.
As of the end of May, Huizhou's total balance of domestic and foreign currency deposits was 970.41 billion yuan, up 0.7% year on year, while the loan balance was 1,123.24 billion yuan, a 2.3% increase year on year.
Workers operate in the factory in Huizhou.
In terms of lending, Huizhou has experienced a continuous rebound in loan growth for three consecutive months since the end of February. Loans to enterprises and public institutions were the primary driver, rising 4.7% year on year. During this period, credit resources were increasingly allocated to key sectors such as infrastructure, technological innovation, and enterprises driving new quality productive forces, enhancing support for high-quality real economic development.
By the end of May, infrastructure loans in Huizhou surged 18.6% year on year, while medium-to-long-term manufacturing loans grew 14.6% year on year.
Reporter | Liu Guangmingbao
Photo | Liang Weichun
Editor | Huang Qini, James, Shen He
