央行：2025年四季度末本外币工业中长期贷款余额26.63万亿元，同比增长8.4%

Core Insights - The central bank released the loan allocation statistics report for financial institutions for Q4 2025, indicating a significant growth in various sectors [1] Group 1: Industrial Loans - The balance of domestic and foreign currency medium to long-term loans in the industrial sector reached 26.63 trillion yuan, with a year-on-year growth of 8.4%, which is 2.2 percentage points higher than the overall loan growth rate, adding 2.11 trillion yuan for the year [1] - Heavy industry medium to long-term loans amounted to 22.6 trillion yuan, showing a year-on-year increase of 7.8% [1] - Light industry medium to long-term loans reached 4.04 trillion yuan, with a year-on-year growth of 11.8% [1] Group 2: Service Sector Loans - The balance of domestic and foreign currency medium to long-term loans in the service sector was 72.87 trillion yuan, reflecting a year-on-year growth of 7.8%, which is 1.6 percentage points higher than the overall loan growth rate, with an annual increase of 5.24 trillion yuan [1] - Excluding the real estate sector, the service industry medium to long-term loans grew by 9.4% year-on-year, while real estate medium to long-term loans saw a growth of 1.8% [1] Group 3: Infrastructure Loans - The balance of domestic and foreign currency medium to long-term loans in infrastructure-related industries reached 43.73 trillion yuan, with a year-on-year growth of 6.9%, which is 0.7 percentage points higher than the overall loan growth rate, adding 2.8 trillion yuan for the year [1]