Core Insights - The People's Bank of China (PBOC) Jiangsu Branch is focusing on enhancing financing support for small and micro enterprises through a new credit information sharing platform [3][6][7] - Jiangsu province leads the nation in new loans and social financing scale, with a loan balance of 28.09 trillion yuan, reflecting a year-on-year growth of 9.8% [4][5] - The manufacturing sector is experiencing significant growth in medium to long-term loans, with a year-on-year increase of 15.1% [5] Financing Support for Small and Micro Enterprises - The PBOC has established a national credit information sharing platform aimed at alleviating financing difficulties for small and micro enterprises by sharing their cash flow information [6][7] - As of June, 22 financial institutions in Jiangsu have adopted the platform, resulting in 55,821 credit report queries and an increase in credit limits for 7,514 enterprises totaling 48.68 billion yuan [7][8] Financial Data and Trends - Jiangsu's financial institutions reported a new loan issuance of 2.09 trillion yuan in the first half of the year, an increase of 152.9 billion yuan year-on-year [4][5] - The average interest rates for newly issued corporate loans and inclusive small micro loans have decreased, with a drop of 46 basis points and 54 basis points respectively [5][6] - The province's social financing scale increased by 2.63 trillion yuan, marking a year-on-year increase of 4.34 billion yuan, also the highest in the country [4][5] Technological Integration in Financing - The PBOC is leveraging big data and IoT technologies to optimize financing services, with a notable increase in the registration of movable property financing [8] - The integration of the national credit information platform with local credit systems has facilitated financing for 15.37 million market entities, amounting to 927.7 billion yuan [8]

Core Insights - The People's Bank of China Jiangsu Branch is focusing on enhancing financing support for small and micro enterprises through the establishment of a credit information sharing platform [1][3][4] - Jiangsu province leads the nation in new loans and social financing scale, indicating a robust financial environment [2][5] Group 1: Financing Support for Small and Micro Enterprises - The establishment of the national small and micro enterprise funding flow credit information sharing platform aims to alleviate financing difficulties by sharing enterprise funding flow information [3][4] - As of June, 22 financial institutions in Jiangsu have adopted the platform, resulting in 55,821 credit report queries and an increase in credit limits for 7,514 enterprises totaling 48.68 billion yuan [4] Group 2: Financial Performance in Jiangsu - As of June, the total loan balance in Jiangsu reached 28.09 trillion yuan, with a year-on-year growth of 9.8%, surpassing the national growth rate by 3 percentage points [2] - The province's new loans in the first half of the year amounted to 2.09 trillion yuan, an increase of 152.9 billion yuan year-on-year, while the social financing scale increased by 2.63 trillion yuan, up 434.4 billion yuan year-on-year [2] Group 3: Technological Integration in Financing - Jiangsu is leveraging big data and IoT technologies to optimize accounts receivable financing and leasing services, with a 72% year-on-year increase in various types of movable property registrations [5] - The integration of local credit platforms has facilitated financing for 153,700 market entities, amounting to 927.7 billion yuan in the first half of the year [5]