At the beginning of the new year, many places across the country actively deployed and expanded effective investment, and a large number of major engineering projects started construction one after another. At the same time, the financial policy has also made efforts to increase support for the real economy, so as to help the economy get off to a good start throughout the year.
Statistics from the People's Bank of China show that in January this year, the scale of social financing in China increased by 65 trillion yuan, the highest level in the same period in history, of which the short-term loans of enterprises (institutions) increased by 146 trillion yuan, medium and long-term loans increased by 331 trillion yuan.
At the end of January, the balance of corporate loans of ICBC increased by 670 billion yuan compared with the end of last year, the highest in the same period in history; The balance of medium and long-term loans to the manufacturing industry of the Agricultural Bank of China increased by more than 100 billion yuan in January, the highest in history; Bank of Communications' loan balance to strategic emerging industries increased by 21% year-on-year at the end of January. Bank of China's import and export financing in January increased by 75% year-on-year.
Li Xiaowei, Deputy General Manager of the Transaction Banking Department of the Bank of China Head Office: From the perspective of the industry, the financing demand of foreign trade enterprises in the fields of advanced manufacturing, electronic information and fine chemicals has grown rapidly, which reflects the upward trend of China's foreign trade import and export.
In terms of financial policy, we will make efforts to move forward this year and clearly release the signal of stabilizing growth and promoting development. In late January, the re-lending and re-discounting rates for supporting agriculture and small enterprises were lowered by 025 percentage points; In early February, the RRR cut was implemented, releasing long-term liquidity of about 1 trillion yuan; Last week, the interest rate on loans with a maturity of more than 5 years was cut by 025 percentage points, directly reducing the financing cost of long-term loans for enterprises and individuals.
*Please specify CCTV Finance.
Editor: Angel.