Nearly 80 trillion yuan has been added in five years! The support of credit to the real economy is stable

category:Finance
 Nearly 80 trillion yuan has been added in five years! The support of credit to the real economy is stable


In the opinion of experts, there is already a lot of water in Chinas currency pool. What is important is how to let financial living water drip accurately into the real economy. Therefore, Chinas financial sector actively guides financial institutions to increase support for key economic areas and weak links, and constantly optimize the financial structure.

Through the structural monetary policy tools such as refinancing and rediscount, the peoples Bank of China guides financial institutions to expand the credit supply of private enterprises, small and micro enterprises. According to the data of the central bank, as of the end of August 2020, the loan balance of small and micro enterprises in China was 30.8 trillion yuan, 1.26 times of that at the end of 2017; 30.62 million small and micro business entities were supported, 1.43 times of that at the end of 2018.

The financial sector has also launched policies and measures to actively promote the revitalization of financial services in rural areas, and strengthen financial targeted poverty alleviation. By the end of June this year, the loan balance in rural areas (county and below) was 31.17 trillion yuan, an increase of 11.3% over the same period last year; the loan balance of the poverty-stricken population and those who have been lifted out of poverty through filing and filing has reached 742.9 billion yuan, with a loan coverage of 25.8%. In the face of novel coronavirus pneumonia, the central bank resolutely launched its efforts to support the epidemic prevention and control and social and economic development. In the first eight months of this year, RMB loans increased by 14.4 trillion yuan, an increase of 2.4 trillion yuan year-on-year; at the end of August, the stock of social financing scale increased by 13.3% year-on-year, reaching a new high since March 2018. Experts believe that in view of the different stages of epidemic prevention and control, the financial sector has adopted targeted support policies to stabilize enterprises and ensure employment, which has strongly supported the macroeconomic recovery since the second quarter and helped the 13th five year plan to come to a successful conclusion. Source: Xinhuanet editor in charge: Wang Xiaowu_ NF

The financial sector has also launched policies and measures to actively promote the revitalization of financial services in rural areas, and strengthen financial targeted poverty alleviation. By the end of June this year, the loan balance in rural areas (county and below) was 31.17 trillion yuan, an increase of 11.3% over the same period last year; the loan balance of the poverty-stricken population and those who have been lifted out of poverty through filing and filing has reached 742.9 billion yuan, with a loan coverage of 25.8%.

In the face of novel coronavirus pneumonia, the central bank resolutely launched its efforts to support the epidemic prevention and control and social and economic development. In the first eight months of this year, RMB loans increased by 14.4 trillion yuan, an increase of 2.4 trillion yuan year-on-year; at the end of August, the stock of social financing scale increased by 13.3% year-on-year, reaching a new high since March 2018.

Experts believe that in view of the different stages of epidemic prevention and control, the financial sector has adopted targeted support policies to stabilize enterprises and ensure employment, which has strongly supported the macroeconomic recovery since the second quarter and helped the 13th five year plan to come to a successful conclusion.