Core Insights - The total assets of the banking sector regulated by the Shenzhen Financial Regulatory Bureau reached 13.87 trillion yuan as of March 2025, with loan balances at 9.79 trillion yuan and deposit balances at 10.21 trillion yuan [4] - The insurance sector in Shenzhen reported premium income of 63.972 billion yuan in the first quarter, marking a year-on-year growth of 4.4% [4] - The cost of loans for the manufacturing sector has been decreasing, with a new financing cost of 2.57% in Q1 2025, down 79 basis points from the previous year [4] Banking Sector Performance - As of March 2025, the manufacturing loan balance in Shenzhen was 1.62 trillion yuan, showing a year-on-year increase of 5.05% [4] - The balance of medium and long-term loans for manufacturing reached 983.071 billion yuan, up 4.07%, accounting for 60.82% of total manufacturing loans [4] - Loans for digital economy core industries, technology enterprises, and green loans grew by 6.66%, 7.23%, and 15.18% respectively, all exceeding the average growth rate of loans [4] Support for Small and Micro Enterprises - By the end of March 2025, Shenzhen had visited 310,000 small and micro enterprises, with new credit issued amounting to 492.9 billion yuan and new loans of 377.1 billion yuan at an average interest rate of 3.32% [5] - The "Park Loan" program has issued credit of 11.538 billion yuan to enterprises within pilot parks, with loans amounting to 6.538 billion yuan at an average interest rate of 3.50% [5] - The balance of loans for small and micro enterprises in Shenzhen reached 1.91 trillion yuan, reflecting a year-on-year growth of 7.49% [5] Technological and Innovative Financing - Shenzhen has been actively conducting pilot programs for technology finance, with 39.83 billion yuan in loans issued to 85 technology enterprises by the end of March 2025 [6] - A list of intellectual property insurance products covering various categories has been released, involving 81 specialized products from six insurance institutions [6] - The AIC equity investment pilot has signed 11 cooperation agreements, with a total intended fund size of 57 billion yuan [6] Cross-Border Trade Support - The "Cross-Border E-commerce Insurance" pilot has been launched to support foreign trade enterprises, with a focus on increasing credit loan issuance for eligible small foreign trade enterprises [7] - As of March 2025, loans to foreign trade enterprises in Shenzhen reached 1.1 trillion yuan, with a goal to cover all small foreign trade enterprises with export credit insurance [8] - The "Individual Deep Credit" product has been developed to provide low-interest loans to individual businesses, with 5992 loans issued totaling 900.1 million yuan [8]

Core Insights - The Shenzhen Financial Regulatory Bureau held a press conference to discuss the banking and insurance sectors' performance in Q1 2025, highlighting total assets, loan balances, and premium income growth [1] Banking Sector Performance - As of March 31, 2025, the total assets of the banking sector under the Shenzhen Financial Regulatory Bureau reached 13.87 trillion yuan, with loan balances at 9.79 trillion yuan and deposit balances at 10.21 trillion yuan [1] - The financing cost for newly issued manufacturing loans decreased by 79 basis points year-on-year to 2.57%, while the loan balance for the manufacturing sector grew by 5.05% to 1.62 trillion yuan [3] - The average interest rate for newly issued loans to small and micro enterprises was 3.32%, with a total of 3.77 trillion yuan in new loans issued [3][5] Insurance Sector Performance - The insurance sector reported a premium income of 63.972 billion yuan in Q1 2025, reflecting a year-on-year growth of 4.40% [1] Support for Small and Micro Enterprises - The Shenzhen Financial Regulatory Bureau established a leadership group to enhance financial services for small and micro enterprises, resulting in a loan balance of 2.93 trillion yuan, a 5.8% increase year-on-year [5] - The balance of loans for inclusive small and micro enterprises reached 1.91 trillion yuan, growing by 7.3% year-on-year, maintaining the top position among major cities in China for five consecutive years [5] - The non-performing loan ratio for inclusive small and micro enterprise loans was 1.50%, lower than the overall loan non-performing ratio by 0.10 percentage points [5] Policy Initiatives - A new work plan was jointly issued to enhance financial support for foreign trade enterprises, including the introduction of insurance products for cross-border e-commerce [4] - The implementation of a no-repayment renewal policy for small and micro enterprises has led to a renewal balance of 410.832 billion yuan, an increase of 15.80% year-on-year [6]