前三季度江苏社会融资规模和新增贷款增量均居全国第一

Core Insights - Jiangsu Province's social financing scale increased by 2.99 trillion yuan in the first three quarters, a year-on-year increase of 550.5 billion yuan, ranking first in the country [1] - The balance of various loans from financial institutions in Jiangsu reached 28.31 trillion yuan by the end of September, with a year-on-year growth of 9.4% [1] - New loans in the first three quarters amounted to 2.31 trillion yuan, an increase of 682 billion yuan year-on-year, also the highest in the nation [1] Financing Structure - Jiangsu's credit allocation has been optimized to support key sectors such as manufacturing, infrastructure, technology, and small and micro enterprises [1] - Long-term loans to the manufacturing sector and loans for infrastructure grew by 14.4% and 11.5% year-on-year, respectively, outpacing overall loan growth by 5 percentage points and 2.1 percentage points [1] - Loans to the scientific research and technical services sector saw a significant increase of 34.8% year-on-year, well above the average loan growth rate [1] Small and Micro Enterprises - Financing for small and micro enterprises has expanded, with loans under 10 million yuan increasing by 24% year-on-year and the number of loan accounts rising by 13.3% [1] - The average interest rates for newly issued corporate loans and inclusive small and micro loans in September were 3.08% and 3.25%, respectively, down by 45 and 53 basis points year-on-year [1] Bond Market Development - Jiangsu is accelerating the development of a multi-tiered bond market to broaden direct financing channels for enterprises, with bonds becoming the second-largest financing channel after credit [2] - In the first three quarters, Jiangsu issued 1.36 trillion yuan in corporate credit bonds, with non-financial corporate debt financing tools totaling 779.07 billion yuan, expected to maintain the highest total in the country for 14 consecutive years excluding state-owned enterprises [2]