Group 1 - The effect of previous interest rate adjustment policies is gradually becoming evident, with a continued trend of deposit liquidity in Guangdong Province [1] - From January to September 2025, the incremental social financing scale in Guangdong reached 2.4 trillion yuan, an increase of 337.4 billion yuan compared to the same period last year [1] - As of the end of September, the balance of RMB and foreign currency loans in Guangdong was 29.9 trillion yuan, a year-on-year increase of 5.7%, with a continuous rise for six months [1] Group 2 - The financial sector is increasing efforts to reduce costs for the real economy, with the comprehensive financing cost continuing to decline [2] - In September 2025, the weighted average interest rate for newly issued general loans in Guangdong was 2.94%, down 57 basis points year-on-year [2] - The "Cross-Border Wealth Management Connect" pilot supports 170,000 individual investors in the Greater Bay Area for cross-border investment, with a total fund transfer of 126.2 billion yuan [2] Group 3 - Policies have been implemented to streamline business processes, enhancing efficiency for entities in Guangdong, including the promotion of convenient payment for property purchases by Hong Kong and Macau residents [3] - As of the end of September 2025, 3,870 transactions for overseas residents purchasing property in mainland China were processed, amounting to 3.419 billion yuan in cross-border income [3] - Guangdong has been approved to conduct two pilot projects for cross-border investment and financing facilitation, including becoming a national pilot area for green foreign debt [3]

Group 1 - The core viewpoint indicates that the increase in demand deposits reflects the gradual effect of previous interest rate adjustment policies, which is beneficial for promoting consumption and investment [1][2] - In the first five months of 2025, the social financing scale increment in Guangdong reached 1.33 trillion yuan, with direct financing's proportion continuing to rise [1] - The increase in local government bond financing amounted to 239.9 billion yuan, while corporate bond financing increased by 125.2 billion yuan, primarily due to lower bond financing costs [1] Group 2 - As of June 2025, the balance of loans in Guangdong reached 29.6 trillion yuan, with a year-on-year growth of 4.8%, marking a continuous increase for three months [1] - The average weighted interest rate for newly issued general loans in Guangdong was 3.04% in June 2025, a decrease of 38 basis points year-on-year [2] - The balance of deposits in Guangdong reached 37.7 trillion yuan, with a year-on-year growth of 5.6%, indicating a significant increase in demand deposits [2]