In the first half of the year, Jiangsu recorded an increase of 2.86 trillion yuan in social financing, up 438.6 billion yuan from a year ago, ranking first in the country, according to a press conference held by the Nanjing Branch of the People's Bank of China Tuesday morning.
Statistics show that at the end of June, Jiangsu recorded a balance of RMB and foreign currency loans of 22.91 trillion yuan, a year-on-year increase of 15.4%, 4.8 percentage points higher than the national growth rate.
In the second quarter, Jiangsu recorded a rapid growth in its total financial volume, which has provided strong financial support for promoting the overall improvement of the province's economy.
At the end of June, Jiangsu recorded a year-on-year increase of 22.3% in the balance of manufacturing loans, maintaining a high level of over 20% for 14 consecutive months. The balance of infrastructure industry loans increased by 18.8% year-on-year, up 1.5 percentage points from March last year.
The balance of inclusive small and micro loans in Jiangsu increased by 28.1% year-on-year, supporting 2.9314 million small and micro business entities, with a year-on-year increase of 20.9%.
