On April 29, the Huizhou Branch of the People's Bank of China released its first-quarter financial analysis, highlighting the city's financial operations.
During Q1, Huizhou's financial sector continued to strengthen support for major development strategies, key industries, and underdeveloped areas, contributing to the stable performance of the city's main financial indicators. Financing costs for the real economy continued to decline, while credit allocation continued to optimize. Several specialized loan indicators, such as medium- and long-term loans for manufacturing and infrastructure loans, saw robust growth.
The Echeng Bridge in Huizhou
As of the end of March, Huizhou's balance of domestic and foreign currency deposits was 1,010 billion yuan, down 1.2% year on year, while the loan balance was 1,119.05 billion yuan, up 0.9% year on year.
During the period, Huizhou's infrastructure loans rose 20.9% year on year, medium- and long-term manufacturing loans grew 14.8%, and advanced manufacturing loans increased 9.8%. Credit is increasingly flowing to key sectors such as infrastructure, innovation, green development, and high-productivity enterprises, boosting support for high-quality growth in the real economy.
Meanwhile, Huizhou has expanded and enhanced inclusive finance, strengthening support for weaker sectors and improving access to financing for small and medium-sized private enterprises.
Reporter | Liu Guangmingbao
Photo | Wang Changhui
Editor | Liu Lingzhi, James, Shen He
