As of the end of June, the balance of inclusive small and micro loans increased by 23.8% year-on-year, and the quality and efficiency of financial services for the real economy has improved – Xinhua English.news.cn

The latest data released by the People’s Bank of China shows that in the first half of this year, my country’s credit structure continued to be optimized. As of the end of June, the balance of inclusive small and micro loans had increased by 23.8% year-on-year, 12.6 percentage points higher than the growth rate of various loans; The number of households was 52.39 million, a year-on-year increase of 36.8%; the balance of medium and long-term loans to the manufacturing industry increased by 29.7% year-on-year, 18.5 percentage points higher than the growth rate of various loans.

According to reports, since the beginning of this year, the People’s Bank of China has given full play to the precise guiding role of structural monetary policy, launched a number of structural monetary policy tools, increased support for inclusive small and micro loans, supported small and medium-sized enterprises to stabilize employment, and continuously strengthened its support for the people. Support for economic priorities and weak links. In order to strengthen financial support for small and micro enterprises, since this year, the People’s Bank of China has carried out in-depth projects to improve the financial service capabilities of small and micro enterprises, and issued the “Notice on Promoting the Establishment of a Long-term Mechanism for Financial Services for Small and Micro Enterprises Dare to Loan, Willing to Loan, Can Loan and Meeting Loan”. , to further optimize resource allocation.

“Overall, since the beginning of this year, the quality and efficiency of financial services to the real economy have been further improved, and inclusive small and micro loans have continued to maintain ‘increase in volume, increase in coverage, and decrease in price’.” The relevant person in charge of the Monetary Policy Department of the People’s Bank of China said that in the next step, the People’s Bank of China We will strengthen cooperation with the National Development and Reform Commission, the Ministry of Finance, the Ministry of Industry and Information Technology and other departments, continue to implement the detailed policies that have been issued, increase support for the development of industries and enterprises affected by the epidemic, especially small and micro enterprises, and jointly boost market players. confidence to help stabilize the macroeconomic market.

(Editor in charge: Peng Yansong)