中国央行：前三季度工业中长期贷款保持较快增长

Core Insights - The People's Bank of China reported a total RMB loan balance of 270.39 trillion yuan as of the end of Q3 2025, reflecting a year-on-year growth of 6.6% [1] - The report highlights a significant increase in medium to long-term loans for the industrial sector, with a balance of 26.59 trillion yuan, growing by 9.7% year-on-year, which is 3.2 percentage points higher than the overall loan growth rate [1] - The report indicates strong support for technology-oriented small and medium-sized enterprises (SMEs), with 27.54 million SMEs receiving loans, achieving a loan approval rate of 50.3%, up by 2.8 percentage points from the previous year [1] Loan Growth by Sector - Industrial medium to long-term loans saw a balance of 22.6 trillion yuan for heavy industry, with a year-on-year growth of 9.3%, while light industry loans reached 3.99 trillion yuan, growing by 12.3% [1] - The service sector's medium to long-term loans totaled 72.36 trillion yuan, with a year-on-year increase of 6.8%, slightly above the overall loan growth [1] - Excluding the real estate sector, service industry loans grew by 7.5%, while real estate loans increased by 4.4% year-on-year [1] Additional Loan Categories - The report notes stable growth in loans to enterprises and institutions, rapid growth in inclusive micro and small loans, and significant increases in green loans and agricultural loans [2] - Consumer loans for households continued to show growth, indicating a positive trend in consumer financing [2]