East China’s Jiangsu province has made rapid growth in the scale of social financing since the beginning of this year so that the financial support for the real economy has achieved remarkable results, according to a provincial working conference on financial operation held Tuesday in Nanjing.
The data shows that in the first quarter of this year, the province's financial operations were generally stable, and the scale of social financing reached 1.17 trillion yuan, a year-on-year increase of 536.3 billion yuan, which is equivalent to 60% of the increase in the whole year. The overall corporate financing index and the bank loan acquisition index increased for three consecutive quarters. The credit structure has been continuously optimized, and the support from private enterprises and small and micro enterprises has been increasing.
In the first quarter, direct financing in the province ranked first in the country. In terms of motherboards, small and medium-sized boards and the GEM, 7 companies were listed on the market, ranking first in the country. 19 new three board listing companies were added, ranking first in the country with Guangdong. As of May 5, 18 companies were listed on the Shanghai Stock Exchange, ranking second in the country. They are concentrated in high-end equipment manufacturing, biomedicine, and next-generation information technology industries, showing growth momentum of the development of strategic emerging industries in the province.
