普惠小微贷款保持较快增长

Core Insights - The People's Bank of China reported a rapid growth in inclusive micro and small loans in the first half of the year, with a balance of 35.6 trillion yuan as of June 2025, representing a year-on-year increase of 12.3%, which is 5.2 percentage points higher than the growth rate of all loans during the same period [1] Group 1 - The inclusive micro and small loans increased by 2.6 trillion yuan in the first half of the year, indicating a significant rise [1] - The financing cost for inclusive micro and small enterprises continues to decline, with the weighted average interest rate for newly issued loans at 3.48% as of June 2025, down 12 basis points from March and 66 basis points from the same period last year [1] - The proportion of credit loans within inclusive micro and small loans has increased, helping to address issues related to collateral and financing difficulties for small enterprises, with nearly 30% of these loans being credit loans as of June, an increase of 0.7 percentage points from the previous quarter [1] Group 2 - There is an increased support for small and medium-sized enterprises, particularly technology-based SMEs, with a loan balance of 3.5 trillion yuan as of June 2025, reflecting a year-on-year growth of 22.9% [1] - A total of 274,000 technology-based SMEs received loan support, with a loan approval rate of 50% [1]