广东贷款余额增长提速，居民企业前三季度活期存款增近13%

Core Insights - The People's Bank of China Guangdong Branch reported a steady increase in loan balances and a trend towards more liquid deposits in the province, indicating a positive financial environment [2][3][4] Loan and Deposit Trends - As of September 2025, the total loan balance in Guangdong reached 29.9 trillion yuan, marking a year-on-year growth of 5.7%, with a 0.9 percentage point increase from June [3][4] - The balance of demand deposits for households and enterprises in Guangdong was 8.9 trillion yuan, showing a year-on-year increase of 12.9%, which is 7.6 percentage points higher than the overall deposit growth rate [4][6] Financing and Interest Rates - In the first three quarters of 2025, the social financing scale in Guangdong increased by 2.4 trillion yuan, which is 337.4 billion yuan more than the same period last year [3][5] - The average interest rate for newly issued general loans in September 2025 was 2.94%, down 57 basis points year-on-year, with corporate loans at 2.68% and personal housing loans at 3.01% [3][4] Sector-Specific Financing - The loan balance in key sectors, referred to as the "Five Major Articles," reached 12.5 trillion yuan, with notable growth in technology loans (9% increase) and green loans (24.5% increase) [5][6] - Loans for the manufacturing sector amounted to 3.6 trillion yuan, reflecting an 8.8% year-on-year growth, while infrastructure-related loans reached 6.8 trillion yuan, growing by 9% [6][7] Policy Measures and Future Outlook - The People's Bank of China Guangdong Branch emphasized the importance of counter-cyclical adjustments and the use of various monetary policy tools to maintain adequate liquidity and reasonable growth in financing [7] - Future initiatives will focus on implementing a moderately loose monetary policy, enhancing financial supply adaptability, and promoting regional financial reforms [7]