一季度江苏新增贷款、社会融资规模增量均居全国第一，企业贷款利率创新低

Core Insights - Jiangsu Province's financial performance in Q1 2025 remains strong, leading the nation in new loans and social financing scale [1][3] - The average interest rates for newly issued enterprise loans and inclusive microloans are at historical lows as of March [4] Financial Performance - Jiangsu's total financial balance reached 27.59 trillion yuan, with a year-on-year growth of 10.1%, surpassing the national growth rate by 3.2 percentage points [3] - New loans in Q1 amounted to 1.58 trillion yuan, an increase of 164.2 billion yuan year-on-year [3] - Government bond financing increased by 270.7 billion yuan in Q1, a year-on-year increase of 198.3 billion yuan [3] - The total social financing scale increased by 2.06 trillion yuan, up 252.8 billion yuan year-on-year [3] Loan Structure and Support - Financial support for key sectors has intensified, with medium to long-term loans for manufacturing growing by 12.8% year-on-year, outpacing overall loan growth by 2.7 percentage points [3] - Loans for scientific research and technical services surged by 33.7%, the highest growth rate among all sectors [4] - Green loans increased by 594.5 billion yuan since the beginning of the year [4] - Loans to small and micro enterprises (with credit under 10 million yuan) grew by 22.9%, exceeding overall loan growth by 12.8 percentage points [4] Interest Rates and Financing Costs - The average interest rates for newly issued small and micro loans were 3.26% and 3.43%, reflecting year-on-year declines of 0.5% and 0.47% respectively [4] - The overall financing cost index for enterprises was at 42%, and the bank loan interest rate index was at 39.5%, both indicating a downward trend [4] Innovation and Technology Financing - The "Su Chuang Credit Loan" program has issued a total of 209.2 billion yuan, supporting technology-driven enterprises [5] - The "Su Chuang Rong" product has facilitated loans of 324.7 billion yuan to over 68,000 technology-based SMEs [5] - The establishment of the Nanjing Science and Technology Financial Reform Pilot Zone aims to enhance financial services for innovation [6]