Core Insights - The People's Bank of China reported a significant growth in medium to long-term loans in industrial and infrastructure-related sectors as of the end of Q2 2025, indicating a robust lending environment [1] Group 1: Loan Growth Overview - As of the end of Q2 2025, the total balance of RMB loans reached 268.56 trillion yuan, reflecting a year-on-year growth of 7.1% [1] - In the first half of 2025, RMB loans increased by 12.92 trillion yuan [1] Group 2: Industrial Loan Breakdown - The balance of medium to long-term loans in the industrial sector was 26.27 trillion yuan at the end of Q2 2025, with a year-on-year growth of 10.7%, outpacing the overall loan growth by 3.9 percentage points [1] - Heavy industry loans amounted to 22.35 trillion yuan, growing by 10.2% year-on-year, while light industry loans reached 3.92 trillion yuan, with a growth rate of 13.6% [1] Group 3: Service Sector Loans - The balance of medium to long-term loans in the service sector was 71.62 trillion yuan, showing a year-on-year increase of 6.8%, consistent with the overall loan growth [1] - Excluding the real estate sector, service industry loans grew by 7.3%, while real estate loans saw a year-on-year growth of 4.9% [1] Group 4: Infrastructure Loan Insights - The balance of medium to long-term loans in infrastructure-related industries was 43.11 trillion yuan at the end of Q2 2025, with a year-on-year growth of 7.4%, slightly above the overall loan growth by 0.6 percentage points [1] - In the first half of 2025, infrastructure loans increased by 2.18 trillion yuan [1]