Since 2021, the proportion of traditional real estate and construction industry loans has decreased from 15.9% to 13%.
The People's Bank of China released financial data on May 14th. It was reported by journalists that in recent years, financial institutions have allocated more credit resources to the manufacturing industry and the field of technological innovation, and have focused on supply-side reforms to strengthen financial support for key service consumption industries such as accommodation and catering, cultural and entertainment, and education and training. The percentage of loans in related industries has significantly increased. Since 2021, the proportion of manufacturing industry loans in all medium-to-long-term loans has increased from 5.1% to 9.3%, the proportion of consumer loans has increased from 9.6% to 11.2%, while the proportion of traditional real estate and construction industry loans has decreased from 15.9% to 13%.
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