Core Viewpoint - The financial sector in Tianjin is showing steady growth and improved performance in the first half of 2025, with key indicators reflecting a positive trend and a focus on supporting the real economy [1] Financial Sector Growth - Tianjin's GDP reached 870.66 billion yuan in the first half of 2025, growing by 5.3% year-on-year, with the financial sector contributing 136.018 billion yuan, a 4.5% increase, accounting for 15.6% of GDP [3] - As of June 30, 2025, total assets of Tianjin's banking sector stood at 7.07 trillion yuan, up 6.35% year-on-year, while total liabilities reached 6.73 trillion yuan, increasing by 6.32% [3] - Total deposits amounted to 4.86 trillion yuan, reflecting an 8.54% year-on-year growth, and total loans were 4.97 trillion yuan, a 3.28% increase [3] - The insurance sector's total assets reached 258.34 billion yuan, growing by 13.0% year-on-year [3] Industry Development Trends - The net interest margin of Tianjin's banking sector stabilized at 1.48% as of June 30, 2025, marking a 0.02 percentage point increase from the previous quarter, reversing a declining trend since Q1 2022 [4] - Non-performing loans decreased to 56.301 billion yuan, down by 3.353 billion yuan year-on-year, with a non-performing loan ratio of 1.13%, a decline of 0.11 percentage points, which is 0.32 percentage points lower than the national average [5] - The provision coverage ratio improved to 238.4%, up by 12.1 percentage points year-on-year, exceeding the national average by 8.1 percentage points [5] Support for the Real Economy - The banking sector has enhanced support for high-tech enterprises, with loans to such companies reaching 376.579 billion yuan, a 45.4% increase year-on-year [6] - Loans to the manufacturing sector totaled 520.51 billion yuan, growing by 7.45%, which is 4.17 percentage points higher than the overall loan growth rate [6] - The average interest rate for newly issued manufacturing loans decreased by 0.89 percentage points year-on-year [6] Consumer and Market Support - Personal auto loans reached 93.677 billion yuan, reflecting an 11.86% year-on-year increase [7] - The average interest rate for newly issued corporate loans dropped by 0.78 percentage points year-on-year, marking the lowest level on record [7] - The regulatory authority has maintained strict oversight, with 57 administrative penalties issued in the first half of 2025, totaling 35.3004 million yuan, an 18.97% increase from the previous year [7]
天津银行业保险业上半年主要经营指标向好