Lan Foan: From the implementation situation of the past two months, the overall situation of related credit extension is showing a good trend of "increased quantity, expanded coverage, and decreased price."

On March 6, at the press conference on the economic themes of the Fourth Session of the Fourteenth National People's Congress, Minister of Finance Ln F'n stated that, based on the implementation of the past two months, the overall situation of relevant credit issuance shows a good trend of "increased quantity, expanded coverage, and decreased interest rates." According to data submitted by financial institutions, in January and February, under two policies to promote consumption, a total of 5.1 trillion yuan in new loans were issued to service industry operators and individuals, a 7% increase compared to the same period last year. Under two policies to promote investment, a total of 198.8 billion yuan in new loans were issued to small and micro enterprises eligible for interest subsidies and equipment upgrade loans, a 20% increase compared to the same period last year, which is 12 percentage points higher than the increase in new RMB loans issued by financial institutions during the same period, driving investment amounts exceeding 280 billion yuan. These four policies have benefited a total of 34.25 million consumers and 1.58 million businesses.