# Central Bank： At the end of the second quarter, the balance of RMB real estate loans was 53.37 trillion yuan, a year-on-year increase of 0.5%.

**CCTV News:**According to the website of the People’s Bank of China, on July 28th, the central bank released a statistical report on the loan investment of financial institutions in the second quarter of 2023.

According to the statistics of the People’s Bank of China, at the end of the second quarter of 2023, the balance of RMB loans of financial institutions was 230.58 trillion yuan, up 11.3% year-on-year; In the first half of the year, RMB loans increased by 15.73 trillion yuan, an increase of 2.06 trillion yuan over the same period of last year.

First, loans from enterprises and institutions grew steadily, and the growth rate of medium and long-term loans increased more.

At the end of the second quarter of 2023, the loan balance of local and foreign currency enterprises and institutions was 152.21 trillion yuan, a year-on-year increase of 13.5%, and the growth rate was 0.1 percentage point lower than that at the end of last year; In the first half of the year, it increased by 12.86 trillion yuan, an increase of 1.3 trillion yuan year-on-year.

In terms of terms, the balance of short-term loans and bill financing was 52.8 trillion yuan, up 6.8% year-on-year, and the growth rate was 6.2 percentage points lower than that at the end of last year. In the first half of the year, it increased by 3.01 trillion yuan, a year-on-year decrease of 2.24 trillion yuan. The balance of medium and long-term loans was 95.96 trillion yuan, up 17.9% year-on-year, and the growth rate was 3.4 percentage points higher than the end of last year. In the first half of the year, it increased by 9.68 trillion yuan, an increase of 3.45 trillion yuan year-on-year.

In terms of purposes, the balance of fixed assets loans was 63.7 trillion yuan, up 14.2% year-on-year, and the growth rate was 2.8 percentage points higher than that at the end of last year. The balance of operating loans was 62.87 trillion yuan, a year-on-year increase of 15%, and the growth rate was 2.3 percentage points higher than that at the end of last year.

Second, the growth rate of medium and long-term loans in industry, service industry and infrastructure industry continued to increase.

At the end of the second quarter of 2023, the balance of medium and long-term loans in local and foreign currency industries was 20.2 trillion yuan, up 32.4% year-on-year, and the growth rate was 21.8 percentage points higher than that of various loans and 5.9 percentage points higher than that at the end of last year. In the first half of the year, it increased by 3.19 trillion yuan, an increase of 1.39 trillion yuan year-on-year. Among them, the balance of medium and long-term loans for heavy industry was 17.24 trillion yuan, a year-on-year increase of 32.2%, and the growth rate was 6.7 percentage points higher than that at the end of last year; The balance of medium and long-term loans for light industry was 2.96 trillion yuan, up 33.6% year-on-year, and the growth rate was 1.1 percentage points higher than that at the end of last year.

At the end of the second quarter of 2023, the balance of medium and long-term loans in local and foreign currency service industries was 60.75 trillion yuan, up 14% year-on-year, and the growth rate was 2.8 percentage points higher than that at the end of last year. In the first half of the year, it increased by 5.05 trillion yuan, an increase of 1.67 trillion yuan year-on-year. The balance of medium and long-term loans in the real estate industry increased by 7.1% year-on-year, and the growth rate was 3.1 percentage points higher than that at the end of last year.

At the end of the second quarter of 2023, the balance of medium and long-term loans in local and foreign currency infrastructure industry was 35.93 trillion yuan, up 15.8% year-on-year, and the growth rate was 2.8 percentage points higher than that at the end of last year. In the first half of the year, it increased by 3.25 trillion yuan, an increase of 1.1 trillion yuan year-on-year.

Third, loans in various fields in inclusive finance maintained a relatively high growth rate.

At the end of the second quarter of 2023, the balance of Pratt & Whitney small and micro loans was 27.69 trillion yuan, up 26.1% year-on-year, the growth rate was 2.3 percentage points higher than the end of last year, and it increased by 3.9 trillion yuan in the first half of the year, up 1.16 trillion yuan year-on-year; The balance of loans for farmers’ production and operation was 8.86 trillion yuan, up 18.3% year-on-year; The balance of business guarantee loans was 298.1 billion yuan, up 14.6% year-on-year; The balance of student loans was 169.6 billion yuan, a year-on-year increase of 21.6%.

At the end of the second quarter of 2023, the balance of loans for people out of poverty nationwide was 1.11 trillion yuan, up 13.2% year-on-year, and 485.3 billion yuan was distributed in the first half of the year.

Fourth, the rapid growth of green loans

At the end of the second quarter of 2023, the balance of green loans in local and foreign currencies was 27.05 trillion yuan, up 38.4% year-on-year, 0.1 percentage point lower than the end of last year, 27.8 percentage points higher than the growth rate of various loans, and 5.45 trillion yuan higher than the beginning of the year. Among them, loans to projects with direct and indirect carbon emission reduction benefits were 9.6 and 8.44 trillion yuan respectively, accounting for 66.7% of the total green loans.

In terms of purposes, the loan balances of green infrastructure upgrading industry, clean energy industry and energy conservation and environmental protection industry were 11.85 trillion yuan, 6.8 trillion yuan and 3.93 trillion yuan respectively, up by 34.3%, 35% and 49.2% respectively, up by 2.14 trillion yuan, 1.26 trillion yuan and 954.9 billion yuan respectively from the beginning of the year. In terms of industries, the balance of green loans in power, heat, gas and water production and supply industries was 6.43 trillion yuan, up 26.6% year-on-year, up 926.4 billion yuan from the beginning of the year; The balance of green loans in transportation, warehousing and postal services was 5 trillion yuan, up 13.9% year-on-year, up 465.5 billion yuan from the beginning of the year.

V. The growth rate of agricultural loans continued to grow.

At the end of the second quarter of 2023, the balance of agricultural loans in local and foreign currencies was 54.64 trillion yuan, up 16% year-on-year, and the growth rate was 2 percentage points higher than that at the end of last year. In the first half of the year, it increased by 5.47 trillion yuan, an increase of 1.4 trillion yuan year-on-year.

At the end of the second quarter of 2023, the balance of rural (county and below) loans was 45.6 trillion yuan, a year-on-year increase of 16.1%, and the growth rate was 2.6 percentage points higher than that at the end of last year; In the first half of the year, it increased by 4.66 trillion yuan, an increase of 1.38 trillion yuan year-on-year. The balance of farmers’ loans was 16.31 trillion yuan, a year-on-year increase of 13.4%, and the growth rate was 2.2 percentage points higher than that at the end of last year; In the first half of the year, it increased by 1.32 trillion yuan, an increase of 359 billion yuan. The balance of agricultural loans was 5.67 trillion yuan, a year-on-year increase of 14.7%, and the growth rate was 4 percentage points higher than that at the end of last year; In the first half of the year, it increased by 583.8 billion yuan, an increase of 196.6 billion yuan.

Sixth, the growth rate of real estate loans declined.

At the end of the second quarter of 2023, the balance of RMB real estate loans was 53.37 trillion yuan, a year-on-year increase of 0.5%, which was 1 percentage point lower than the growth rate at the end of last year; In the first half of the year, it increased by 154.9 billion yuan, accounting for 1% of the increase in various loans during the same period.

At the end of the second quarter of 2023, the balance of real estate development loans was 13.1 trillion yuan, a year-on-year increase of 5.3%, and the growth rate was 1.6 percentage points higher than that at the end of last year. The balance of individual housing loans was 38.6 trillion yuan, down 0.7% year-on-year, and the growth rate was 1.9 percentage points lower than that at the end of last year.

Seven, loans to support science and technology enterprises.

By the end of the second quarter of 2023, there were 211,900 small and medium-sized science and technology enterprises supported by loans, with a loan rate of 46.7%, 2.1 percentage points higher than the end of last year. The balance of local and foreign currency loans of small and medium-sized science and technology enterprises was 2.4 trillion yuan, up 25.1% year-on-year, 0.8 percentage points higher than the end of last year.

Eight, the growth rate of household consumption loans rebounded, and operating loans maintained a relatively fast growth rate.

At the end of the second quarter of 2023, the balance of household loans in local and foreign currencies was 78.57 trillion yuan, up 6.1% year-on-year, and the growth rate was 0.7 percentage points higher than that at the end of last year. In the first half of the year, it increased by 2.8 trillion yuan, an increase of 611.6 billion yuan year-on-year.

At the end of the second quarter of 2023, the balance of household consumer loans (excluding personal housing loans) in local and foreign currencies was 18.75 trillion yuan, up 12.4% year-on-year, and the growth rate was 8.3 percentage points higher than that at the end of last year. In the first half of the year, it increased by 717.1 billion yuan, an increase of 607.6 billion yuan. The balance of household operating loans was 21.22 trillion yuan, up 19.5% year-on-year, and the growth rate was 3 percentage points higher than the end of last year; In the first half of the year, it increased by 2.3 trillion yuan, an increase of 759.1 billion yuan.