On August 3 1, the executive meeting of the State Council pointed out that it is necessary to implement the deployment of the CPC Central Committee and the State Council, keep the economy running in a reasonable range, and strive for the best results. In terms of credit supply, it is necessary to guide commercial banks to expand medium and long-term loans, provide sufficient financing for key project construction and equipment renovation, focus on expanding effective demand, promote investment and consumption to increase employment, consolidate the foundation of economic recovery, and enhance the development potential.
The effect is obvious.
In recent years, the medium and long-term loans of financial institutions in China have maintained rapid growth. Judging from the scale balance data, the proportion of medium and long-term loans has increased significantly. According to the statistics of the People's Bank of China, at the end of July 2022, the balance of domestic medium and long-term loans of financial institutions in China was/kloc-0 1.3725 billion yuan, accounting for 65.87% of the domestic loan balance of financial institutions, which was 23.57 percentage points higher than the 42.3% at the end of 2065.438+0. Judging from the data of new scale, medium and long-term loans account for a relatively high proportion of new loans. According to the statistics of the People's Bank of China, from June 205438 to July 2022, the balance of domestic medium and long-term loans of financial institutions in China increased by 8 15 trillion yuan, accounting for 57.77% of the increase of domestic loans of financial institutions. From different fields, medium and long-term loans maintained a relatively high growth rate year-on-year. Taking industry as an example, according to the statistics of the People's Bank of China, at the end of June 2022, the loan balance of financial institutions in China's industrial sector increased by 2 1.2% year-on-year, among which the loan balance of light and heavy industrial financial institutions increased by 27.4% and 20.2% year-on-year, and the loan balance of financial institutions in the manufacturing sector increased by 29.7% year-on-year. At the end of March 2022, the loan principal balance of financial institutions in the high-tech manufacturing sector in China increased by 365,438+0.9% year-on-year. It can be seen that in recent years, China's financial institutions have invested more medium and long-term loans. While the number has increased rapidly, the structure has been continuously optimized, and medium and long-term loans have been invested in manufacturing, especially high-tech manufacturing.
Starting from the need of financial services for the real economy and high-quality economic development, financial institutions need to expand medium and long-term loans. On the whole, China's economy continues to recover, but it still fluctuates slightly, so the foundation of economic recovery needs to be stable. In the case of overall insufficient demand, it is necessary to stabilize demand and stabilize the foundation of economic recovery by expanding medium and long-term loans.
In the long run, achieving high-quality development also requires increasing medium and long-term loans. China needs large-scale investment, especially medium and long-term financial support, in order to change the development mode, optimize the economic structure, change the growth momentum, and promote the quality change, efficiency change and dynamic change of economic development. Since the reform and opening up, China has seized the opportunity of the fourth global manufacturing migration to promote the rapid development of manufacturing industry and quickly become a global manufacturing power.
Loan interest rates in many areas have been lowered! The interest rate of new personal mortgage in March decreased 17 basis points compared with the beginning of the year.
What changes have been made in loan investment in the first quarter? The latest data of the central bank gives the "answer".
On May 6, 2022, the central bank released a statistical report on the loan investment of financial institutions (hereinafter referred to as the report). The report shows that at the end of the first quarter of 2022, the balance of RMB loans of financial institutions was 20 1.0 1 trillion yuan, a year-on-year increase of 1.4%. In the first quarter, RMB loans increased by 8.34 trillion yuan, an increase of 663.6 billion yuan.
The National Business Daily reporter noted that the report disclosed loan data in many fields, such as loans from enterprises and institutions, medium and long-term industrial loans, inclusive finance loans and green loans. The reporter noted that the interest rates of new loans in many fields have declined.
For example, in terms of housing loans, the report pointed out that real estate development loans increased by 290 billion yuan in the first quarter, an increase of 44 14 billion yuan over the fourth quarter of last year. In March, the new personal housing loan interest rate was 5.42%, down 17 basis points from the beginning of the year.
The central bank said that in the first quarter, the People's Bank of China continued to guide financial institutions to increase credit support for the real economy and further optimize the structure while "increasing the quantity and lowering the price". In the first quarter, RMB loans increased by 8.34 trillion yuan, an increase of 663.6 billion yuan. Interest rates on corporate and personal loans have also generally declined. From the perspective of loan investment structure, the financial industry has achieved strong support for key areas and weak links of the national economy.
Inclusive loans maintained rapid growth.
The reporter noted that loans invested in key areas such as industry and infrastructure maintained rapid growth in the first quarter. In addition, the support in the field of Pratt & Whitney continued to increase.
The central bank said that industry is an important support to stabilize the macroeconomic market, and infrastructure construction is an important area to boost investment demand. In the first quarter, medium and long-term loans in this industry increased by 20.7% year-on-year, 9.7 percentage points higher than various loans; Medium-and long-term loans for infrastructure construction increased by 65,438+03.2% year-on-year, 2.2 percentage points higher than various loans. The average interest rates of loans for industrial enterprises and infrastructure enterprises were 4.33% and 4.24%, respectively, both down by 12 basis points compared with the same period of last year. The financial system effectively guarantees the high-quality development of manufacturing industry and the capital demand for major infrastructure construction.
The report pointed out that loans in inclusive finance maintained rapid growth, the proportion of credit loans increased, and the interest rate of new loans continued to decrease. From the data point of view, at the end of the first quarter of 2022, the balance of RMB loans in inclusive finance was 28.48 trillion yuan, up 2 1.4% year-on-year, which was 1.8 percentage points lower than the end of last year. In the first quarter, it increased by 1.98 trillion yuan, an increase of 1.78 billion yuan year-on-year.
At the end of the first quarter of 2022, the balance of Pratt & Whitney small and micro loans was 20.77 trillion yuan, up by 24.6% year-on-year, and the growth rate decreased by 2.7 percentage points compared with the end of last year, of which credit loans accounted for 18.9%, up by 0.8 percentage points compared with the end of last year; In the first quarter, it increased by 1.55 trillion yuan, but decreased by 24 1 billion yuan year-on-year. The balance of loans for farmers' production and operation was 7.25 trillion yuan, a year-on-year increase of14.1%; The balance of business guarantee loans was 25 13 billion yuan, up11%year-on-year; The balance of student loans was143.4 billion yuan, a year-on-year increase of 12.3%. In March, the interest rate of new loans for Pratt & Whitney small and micro enterprises was 4.93%, down 17 basis points from the beginning of the year.
The central bank said: "In the first quarter, inclusive small and micro loans increased by 24.6% year-on-year. Among them, the growth rate of individual loans, that is, loans for individual industrial and commercial households and small and micro enterprises, is 2 1.3%, which is higher than the growth rate of various loans 10 percentage point or more. The launch of these loans has strongly supported the rescue of small and micro enterprises and individual industrial and commercial households, which is conducive to stabilizing market players. "
The interest rate of individual housing loans has dropped.
Since the beginning of this year, mortgage interest rates in Shanghai, Guangzhou, Shenzhen and other cities have been lowered to varying degrees. Earlier, Zou Lan, director of the Financial Markets Department of the central bank, said that the recent reduction in mortgage interest rates mainly occurred at the bank level. Since March, due to the weakening market demand, banks in more than 0/00 cities across the country have lowered their mortgage interest rates independently according to market changes and their own operating conditions, with an average range of 20 to 60 basis points.
The report pointed out that in the first quarter, real estate development loans increased more than in the previous quarter, and the interest rate of individual housing loans decreased. From the data point of view, at the end of the first quarter of 2022, the balance of RMB real estate loans was 53.22 trillion yuan, a year-on-year increase of 6%, which was lower than the growth rate at the end of last year 1.9 percentage points; In the first quarter, it increased by 779 billion yuan, accounting for 9.3% of the increase in various loans in the same period, 9.8 percentage points lower than the previous year's level.
At the end of the first quarter, the balance of real estate development loans was 12.56 trillion yuan, down 0.4 percentage points year-on-year, and the growth rate was 1.3 percentage points lower than that at the end of last year. In the first quarter, it increased by 290 billion yuan, an increase of 441400 million yuan over the fourth quarter of last year. The balance of individual housing loans was 38.84 trillion yuan, up 8.9% year-on-year, and the growth rate was 2.3 percentage points lower than the end of last year. In March, the new personal housing loan interest rate was 5.42%, down 17 basis points from the beginning of the year.
In addition, the growth rate of household loans slowed down and the interest rate of consumer loans dropped sharply. At the end of the first quarter of 2022, the balance of this household's operating loan was 17. 1 trillion yuan, up by 16% year-on-year, 3. 1 percentage point lower than the end of last year; In the first quarter, it increased by 888.7 billion yuan, a year-on-year decrease of 2.4/kloc-0.40 billion yuan. The balance of households' other consumer loans (excluding personal housing loans) was 16.42 trillion yuan, up 7. 1% year-on-year, and the growth rate was 2.4 percentage points lower than that at the end of last year. In the first quarter, it decreased by 654.38+050.2 billion yuan, a year-on-year decrease of 358.5 billion yuan. In March, the interest rate of new household loans for other consumption was 7.68%, which was 67 and 465,438+0 basis points lower than that at the beginning of the year and the same period of last year respectively.
The central bank said that in the field of consumption, financial institutions have also actively promoted personal consumption by lowering loan interest rates. The interest rate of individual housing loans decreased in the first quarter, and the new interest rate of individual housing loans was 5.42% in March, down 17 basis points from the beginning of the year. The interest rate of consumer loans has dropped even more, 67 basis points lower than that at the beginning of the year, which is helpful to further play the leading role of consumption in the economic cycle.
The National Business Daily reporter noted that recently, the central bank held a special meeting, emphasizing the implementation of a prudent management system for real estate finance, optimizing real estate credit policies in a timely manner, keeping real estate financing stable and orderly, and supporting rigid and improved housing demand.
What is the balance of RMB loans of financial institutions?
China's supply-side structural reform and high-quality development need a suitable monetary and financial environment. In the first half of the year, RMB loans from financial institutions increased by 9.03 trillion yuan. What areas are these loans invested in?
According to the statistics of the People's Bank of China, by the end of June, the balance of RMB loans of financial institutions was 129. 15 trillion yuan, a year-on-year increase of 12.7%. Among them, the balance of loans from non-financial enterprises and government organizations, mainly loans from the real economy, was 86.2 trillion yuan.
Ruan, director of the Survey and Statistics Department of the People's Bank of China, said that loans from enterprises and other units increased by 51900 million yuan in the first half of the year, an increase of 766.8 billion yuan year-on-year. Among them, short-term loans and bill financing increased by 1.33 trillion yuan, an increase of 1.23 trillion yuan year-on-year, which better supported the liquidity needs of entities.
Among the loans invested in entities, the growth rate of medium and long-term industrial loans rose sharply in the first half of the year, with an increase of 654.38+0069 billion yuan over the same period of last year; Medium and long-term loans in the service industry grew steadily and rapidly, accounting for nearly 80% of the increase in medium and long-term loans in all industries; The growth rate of medium and long-term loans in high-tech manufacturing industry maintained a high level, and the loan balance increased by 13. 1% at the end of June.
Lian Ping, chief economist of Bank of Communications, believes that in the future, with the continuous promotion of financial deleveraging and regulatory policies, off-balance sheet financing channels will continue to tighten, and the demand for credit financing by enterprises will further increase. In the future, the targeted control policy will focus on strengthening credit support for the real economy, and the overall credit financing of enterprises will maintain a relatively stable growth.
With the steady growth of corporate credit financing, the quality of credit supply in inclusive finance has improved. Since the beginning of this year, the regulatory authorities have repeatedly issued policies to guide financial institutions to invest more new credit funds in small and micro enterprises. Judging from the implementation of the policy, these targeted measures have achieved initial results.
The data shows that by the end of June, the balance of RMB loans of small and micro enterprises was 25.4 trillion yuan, up by 12.2% year-on-year, which was10.2 and 2.5 percentage points higher than that of large and medium-sized enterprises in the same period. In the first half of the year, loans to small and micro enterprises increased by 1.07 trillion yuan, accounting for 20.9% of the increase in corporate loans in the same period.
However, also in inclusive finance, the growth rate of rural and agricultural loans has slowed down. The data shows that agricultural loans increased by 1.7 1 trillion yuan in the first half of the year, a year-on-year decrease of 386.4 billion yuan. At the end of June, the balance of rural loans increased by 6.9% year-on-year, and the growth rate was 0.7 percentage points lower than that at the end of the previous quarter; The balance of agricultural loans increased by 3.6% year-on-year, and the growth rate was lower than that at the end of last quarter 1 percentage point.
Under the background of strict regulation of the real estate market, the growth rate of real estate loans continues to decline. At the end of June, the balance of RMB real estate loans was 35.78 trillion yuan, a year-on-year increase of 20.4%, and the growth rate dropped by 0.5 percentage point from the end of last year. In the first half of the year, it increased by 3.54 trillion yuan, accounting for 65,438+0.9 percentage points lower than that in 2065,438+07.
Lian Ping said that under the situation that all financing channels are obviously tightened, the real estate industry is the key area of deleveraging, and bank credit is also constantly tightening. The growth rate of real estate loans has continued to decline for several consecutive quarters. In the future, with the continuous acceleration of shed reform and continuous construction projects, the construction of various policy-oriented housing supported by the state will be intensified. While real estate loans are steadily declining, development loans will still maintain a low growth trend.
From Xinhua News Agency
We urgently need some data such as the proportion of small and medium-sized enterprises in the total industrial output value and the proportion of loans to small and medium-sized enterprises in the total loans in China Statistical Yearbook in recent five years.
Last month, I helped my tutor make the data of previous years, but it seems that these two items are not in the data he gave me. You'd better check with the National Bureau of Statistics yourself! Actually, it's quite fast, and it can also be exported by Excel.
What are the statistical caliber of medium and long-term loans in manufacturing industry?
At the end of March, the balance of RMB loans was 20 1.0 1 trillion yuan, a year-on-year increase of 1.4%. The balance of medium and long-term loans in manufacturing industry increased by 29.5% year-on-year, which was higher than the growth rate of various loans 18. 1 percentage point, and the balance of medium and long-term loans in high-tech manufacturing industry increased by 3 1.9% year-on-year. Medium and long-term industrial loans increased by 20.7%, which was significantly faster than all industries. The balance of Pratt & Whitney small and micro loans increased by 24.6% year-on-year, which was higher than the growth rate of various loans 13.2 percentage points. There are 50.39 million households in inclusive microcredit, up 42.9% year-on-year.