Core Insights - The financial system in Xinjiang has achieved the highest deposit growth rate and third highest loan growth rate in the country, with social financing scale growth at 1.4 times the national average, indicating strong financial support for high-quality development in the region [1][4]. Monetary Policy Measures - The People's Bank of China (PBOC) introduced a comprehensive set of monetary policy measures to support key sectors such as technology innovation, consumption, and foreign trade, enhancing support for the real economy [2]. - The PBOC lowered the reserve requirement ratio by 0.5 percentage points, releasing long-term funds of 12 billion yuan for Xinjiang [2]. - The reduction in personal housing provident fund loan rates by 0.25 percentage points is expected to save approximately 400 million yuan in interest for 550,000 households in Xinjiang annually [2]. Financial Support and Loan Growth - In the first half of the year, the PBOC's Xinjiang branch issued 29.18 billion yuan in re-loans for agriculture and small enterprises, leading to an increase of 75.6 billion yuan in agricultural loans and 66.1 billion yuan in loans for small enterprises [3]. - The total amount of loans issued by financial institutions reached 274.4 billion yuan, significantly boosted by various policy tools [3]. Social Financing and Loan Balances - By the end of June, the social financing scale in Xinjiang reached 5.5 trillion yuan, with a year-on-year growth of 12.8%, and the balance of RMB loans was 3.49 trillion yuan, growing by 9.6%, which is nearly 40% higher than the national average [4]. Focus on Key Areas - The PBOC's Xinjiang branch, in collaboration with 15 departments, implemented a comprehensive plan focusing on five key areas: technology, green finance, inclusive finance, pension finance, and digital finance [5][6]. - The balance of technology loans reached 731.91 billion yuan, growing by 14%, while green loans increased by 593.3 billion yuan, accounting for one-third of the new loan amount [7]. Financing Cost Reduction - The PBOC's measures have led to a significant reduction in financing costs, with the average interest rate for new loans in Xinjiang dropping to 3.24%, a decrease of 52 basis points year-on-year [10]. - The average interest rates for small and micro enterprises have also seen notable declines, with rates for small enterprises at 3.45% and micro enterprises at 3.51% [10]. Comprehensive Financing Cost Services - Since the launch of the comprehensive financing cost pilot program in March, 34 banks have provided services to 4,388 enterprises, involving loans totaling 32.97 billion yuan, effectively reducing overall financing costs [11].