Sou Hu Cai Jing·2025-05-06 03:37Core Viewpoint - The financial performance in Xinjiang for the first quarter shows significant growth in social financing and loans, driven by the implementation of a moderately loose monetary policy by the People's Bank of China Xinjiang Branch, which supports stable economic growth in the region [1][4]. Financing Volume and Policy Implementation - As of the end of March, the total social financing in Xinjiang reached 5.41 trillion yuan, a year-on-year increase of 11.3%, surpassing the national average by 2.9 percentage points [1]. - The balance of RMB loans stood at 3.44 trillion yuan, growing by 9.3% year-on-year, also above the national average by 1.9 percentage points [1]. - The People's Bank of China Xinjiang Branch has actively guided financial institutions to increase financing scale and optimize financing structure, contributing to the region's economic stability [1][2]. Credit Support and Sector Focus - In the first quarter, state-owned banks in Xinjiang issued new loans totaling 976.6 billion yuan, while local banks added 337.6 billion yuan, indicating a significant increase in support for economic development compared to the previous year [2]. - The total amount of re-loans for agriculture and small enterprises reached 140 billion yuan, with a year-on-year increase of 20 billion yuan [2][5]. - The balance of loans for the private economy reached 9.475 trillion yuan, growing by 8% year-on-year, while inclusive small and micro loans increased by 21.5% to 3.0149 trillion yuan [5]. Technological and Green Financing - By the end of March, the balance of technology loans was 688.4 billion yuan, up 14.4% year-on-year, and green loans reached 608.9 billion yuan, with an increase of 344.6 billion yuan since the beginning of the year [3]. - The Xinjiang Branch has utilized various monetary policy tools to support technological innovation and green financing, with over 200 billion yuan allocated to various policy tools by the end of March [2]. Interest Rate and Cost Management - The average interest rate for newly issued RMB loans in March was 3.59%, a decrease of 0.7 percentage points year-on-year, with small and micro enterprises seeing rates of 3.67% and 3.57%, respectively [11]. - The implementation of a "loan cost transparency" initiative aims to clarify the total financing costs for enterprises, helping to reduce unnecessary fees and lower overall financing costs [10][11]. Agricultural Financing and Rural Support - As of the end of March, agricultural loans totaled 1.28 trillion yuan, with an increase of 724.1 billion yuan since the beginning of the year, and loans to farmers reached 241.3 billion yuan, up 451.7 billion yuan [7]. - The Xinjiang Branch has launched initiatives to support rural revitalization, with 1.479 billion yuan allocated for spring farming loans, benefiting approximately 1920 enterprises and around 720,000 farmers [9].