从投向看，金融资源更多流向国民经济薄弱环节。上半年，普惠小微贷款增加2.63万亿元；单户授信小 于500万元的农户经营性贷款增加3516亿元。6月末，助学贷款余额2677亿元，同比增长28.4%；涉农贷 款余额53.19万亿元，同比增长7.4%，均高于金融机构人民币各项贷款增速。 此外，国民经济重点领域信贷保持较快增长。今年以来，绿色贷款增加较多。6月末，绿色贷款余额 42.39万亿元，比年初增长14.4%。与此同时，科技型中小企业贷款、高新技术企业贷款呈现"量增、面 扩"等特点，贷款余额同比增速分别为22.9%和8.2%，获贷率分别为50.0%和57.6%，比去年同期分别高 3.2和1个百分点。(记者吴雨、任军) 上半年，企事业单位贷款是信贷增长主体。中国人民银行发布的金融机构贷款投向统计报告显示，上半 年，本外币企事业单位贷款增加11.5万亿元，占全部新增贷款的近九成。其中，中长期贷款增加7.08万 亿元，表明金融持续为实体经济提供稳定的资金来源。 中国人民银行日前发布的数据显示，今年以来，我国普惠小微贷款增长较快。6月末，我国普惠小微贷 款余额35.57万亿元，同比增长12.3%，增速比各项贷款高5.2 ...

Core Insights - The People's Bank of China reported a stable growth in total loans, indicating enhanced economic recovery momentum [1][2] - The structure of loans is optimizing, with significant increases in loans to small and micro enterprises, agricultural loans, and loans supporting technological innovation [1][3] Loan Growth Overview - As of the end of Q2 2025, the total balance of RMB loans reached 268.56 trillion yuan, a year-on-year increase of 7.1%, with an addition of 12.92 trillion yuan in the first half of the year [1] - Corporate loans accounted for 89% of the new loans, with an increase of 11.5 trillion yuan, highlighting the strong demand from enterprises [2] Sector-Specific Loan Trends - Green loans reached a balance of 42.39 trillion yuan, growing by 14.4% since the beginning of the year, with an increase of 5.35 trillion yuan in the first half [3] - Loans to technology-based small and medium-sized enterprises (SMEs) increased significantly, with a loan balance of 3.46 trillion yuan, reflecting a year-on-year growth of 22.9% [3] Future Outlook - The loan growth rate is expected to remain stable, with further optimization in structure, particularly in technology and green sectors [4] - The central bank is anticipated to enhance financial support for the real economy, with new loan disbursements expected to maintain a rapid growth trend [4][5]

Core Viewpoint - The report from the People's Bank of China indicates a stable growth in total credit, with a year-on-year increase of 7.1% in the balance of RMB loans by the end of June 2025, reflecting strong financial support for the real economy [1][2]. Group 1: Overall Credit Growth - By the end of June, the balance of various RMB loans reached 268.56 trillion yuan, with a year-on-year growth of 7.1% [1]. - In the first half of the year, new RMB loans amounted to 12.92 trillion yuan, indicating a high level of credit support for the real economy [1]. Group 2: Sectoral Loan Distribution - The growth in loans is primarily driven by loans to enterprises and institutions, with an increase of 11.5 trillion yuan in the first half of the year, particularly in medium and long-term loans which rose by 7.08 trillion yuan [1]. - The loan structure continues to optimize, with new loans mainly directed towards manufacturing and infrastructure sectors. By the end of June, the balance of medium and long-term loans in manufacturing grew by 8.7%, adding 920.7 billion yuan, while infrastructure loans increased by 7.4%, adding 2.18 trillion yuan [1]. Group 3: Focus on Key Economic Areas - Green loans reached a balance of 42.39 trillion yuan by the end of June, growing by 14.4% since the beginning of the year, with an increase of 5.35 trillion yuan in the first half, particularly in infrastructure green upgrade loans which rose by 2.11 trillion yuan [2]. - Loans to technology-oriented small and medium-sized enterprises and high-tech enterprises saw significant growth, with year-on-year increases of 22.9% and 8.2% respectively, both surpassing the overall loan growth rate [2]. - Inclusive small and micro loans reached a balance of 35.57 trillion yuan, growing by 12.3% year-on-year, while student loans and agricultural loans also showed strong growth rates of 28.4% and 7.4% respectively [2].

Group 1 - As of the end of Q2 2025, the total balance of RMB loans from financial institutions reached 268.56 trillion yuan, with a year-on-year growth of 7.1%, and an increase of 12.92 trillion yuan in the first half of the year [2] - The balance of real estate loans at the end of Q2 2025 was 53.33 trillion yuan, showing a year-on-year growth of 0.4%, with an increase of 416.6 billion yuan in the first half of the year [2] - The balance of personal housing loans was 37.74 trillion yuan, a slight year-on-year decline of 0.1%, but with an increase of 51 billion yuan in the first half of the year [2] Group 2 - The number of technology-based small and medium-sized enterprises receiving loan support reached 274,000, with a loan acquisition rate of 50%, an increase of 3.2 percentage points compared to the same period last year [3] - The balance of loans for technology-based small and medium-sized enterprises was 3.46 trillion yuan, with a year-on-year growth of 22.9%, outpacing the growth of all loans by 16.1 percentage points [3] - The number of high-tech enterprises receiving loan support was 266,800, with a loan acquisition rate of 57.6%, an increase of 1 percentage point compared to the same period last year [3]