上半年广东贷款增速三连升支撑经济回升向好

Economic Recovery in Guangdong - Guangdong's economy continues to show signs of recovery in the first half of 2025, supported by a steady increase in social financing and credit growth, injecting strong momentum into the real economy [1] - The People's Bank of China (PBOC) Guangdong Branch reported that the reserve requirement ratio cut implemented on May 15 provided approximately 140 billion yuan in new available funds for financial institutions in Guangdong [1] - As of the end of June, the balance of loans in both domestic and foreign currencies reached 29.6 trillion yuan, with a year-on-year growth of 4.8%, marking three consecutive months of recovery [1] Financing Structure Optimization - The financing structure in Guangdong is continuously optimizing, with direct financing's share rising. Market-driven direct financing, including bonds and stocks, increased by 389.4 billion yuan, accounting for 29.2% of the social financing increment [2] - Manufacturing has become a key focus for credit allocation, with new loans to the manufacturing sector amounting to 278.7 billion yuan, representing 22.6% of total loan growth [2] Innovation in Financial Products - The PBOC Guangdong Branch is promoting innovative financial products tailored to the needs of technology enterprises, such as "Technology Talent Loans" and "Technology R&D Loans," which consider talent and R&D investments as important credit references [3] - New financing models like "Technology Equity Loans" and "Pilot Loans" have been successfully launched, addressing the financing needs of technology enterprises at various stages [3] Decreasing Financing Costs - The average interest rate for newly issued general loans in Guangdong was 3.04% in June 2025, a historical low, with a year-on-year decrease of 38 basis points [4] - The balance of deposits in Guangdong reached 37.7 trillion yuan, with a year-on-year growth of 5.6%, indicating a shift towards more liquid deposits, which is expected to stimulate consumption and investment [4]