CCTV News: Statistics from the People's Bank of China, at the end of the fourth quarter of 2024, the balance of RMB loans from financial institutions was 255.68 trillion yuan, an increase of 7.6% year-on-year, and RMB loans increased by 18.09 trillion yuan for the whole year.
1. Loans for enterprises and institutions have grown steadily
At the end of the fourth quarter of 2024, the loan balance of enterprises and institutions in domestic and foreign currencies was 171.01 trillion yuan, an increase of 8.9% year-on-year, and an increase of 13.96 trillion yuan for the whole year.
Follow the installment period, the balance of short-term loans and notes financing was 57.81 trillion yuan, an increase of 7.3% year-on-year and an increase of 3.92 trillion yuan for the whole year. The balance of medium- and long-term loans was 109.72 trillion yuan, an increase of 10% year-on-year and an increase of 9.94 trillion yuan for the whole year.
In terms of purpose, the balance of fixed asset loans was 72.49 trillion yuan, an increase of 10% year-on-year, and an increase of 6.56 trillion yuan for the whole year. The balance of operating loans was 69.33 trillion yuan, an increase of 7.7% year-on-year and an increase of 4.96 trillion yuan for the whole year.
2. Medium- and long-term loans for industries related to industries in industries, services and infrastructure maintained a high growth rate
At the end of the fourth quarter of 2024, the balance of medium- and long-term loans for domestic and foreign currencies in industries was 24.58 trillion yuan, an increase of 12.6% year-on-year, a growth rate of 5.4 percentage points higher than all loans, an increase of 2.8 trillion yuan for the whole year. Among them, the balance of medium- and long-term loans of heavy industry was 20.96 trillion yuan, an increase of 12.6% year-on-year; the balance of medium- and long-term loans of light industry was 3.61 trillion yuan, an increase of 12.8% year-on-year.
At the end of the fourth quarter of 2024, the balance of medium- and long-term loans for domestic and foreign currency services was 67.59 trillion yuan, an increase of 8.2% year-on-year, with a growth rate of 1 percentage point higher than that of various loans, and an increase of 5.03 trillion yuan for the whole year. The balance of medium- and long-term loans for the service industry excluding the real estate industry increased by 8.5% year-on-year; the balance of medium- and long-term loans for the real estate industry increased by 7.1% year-on-year, 2.8 percentage points higher than the end of the previous year.
At the end of the fourth quarter of 2024, the balance of medium- and long-term loans in domestic and foreign currency infrastructure-related industries was 40.92 trillion yuan, an increase of 8.9% year-on-year, with a growth rate of 1.7 percentage points higher than that of various loans, an increase of 3.39 trillion yuan for the whole year.
3. Loans in various fields of inclusive finance grew rapidly overall
At the end of the fourth quarter of 2024, the balance of RMB inclusive small and micro loans was 32.93 trillion yuan, an increase of 14.6% year-on-year, 7 percentage points higher than that of various loans, an increase of 4.2 trillion yuan for the whole year. The balance of farmers' operating loans was 10.38 trillion yuan, an increase of 12.3% year-on-year. The balance of student loans was 281.1 billion yuan, an increase of 28.7% year-on-year. The national loan balance for people who have been lifted out of poverty was 1.25 trillion yuan, an increase of 8.4% year-on-year.
4. Green loans maintained rapid growth
At the end of the fourth quarter of 2024, the balance of green loans in domestic and foreign currencies was 36.6 trillion yuan, an increase of 21.7% year-on-year, with a growth rate of 14.5 percentage points higher than all loans, an increase of 6.52 trillion yuan for the whole year. Among them, loans invested in Project 2 with direct and indirect carbon emission reduction benefits were 12.25 and 12.44 trillion yuan, respectively, accounting for 67.5% of green loans.
In terms of use, the loan balances of infrastructure green upgrading industries, clean energy industries and energy-saving and environmental protection industries were 15.68, 9.89 and 5.04 trillion yuan, respectively, an increase of 19.8%, 25.6% and 19.6% year-on-year, respectively, and an increase of 2.6 trillion yuan, 2.02 trillion yuan and 824.4 billion yuan for the whole year. By industry, the balance of green loans for the power, heat, gas and water production and supply industries was 8.85 trillion yuan, an increase of 20.9% year-on-year, an increase of 1.52 trillion yuan for the whole year; the balance of green loans for the transportation, warehousing and postal industries was 5.92 trillion yuan, an increase of 11.5% year-on-year, an increase of 614.5 billion yuan for the whole year.
5. Agricultural loans continued to grow
At the end of the fourth quarter of 2024, the balance of agricultural loans of RMB and foreign currencies was 51.36 trillion yuan, an increase of 9.8% year-on-year, with a growth rate of 2.7 percentage points higher than that of various loans, an increase of 4.65 trillion yuan for the whole year.
At the end of the fourth quarter of 2024, the balance of rural loans was 36.94 trillion yuan, a year-on-year increase of 10%, and an increase of 3.38 trillion yuan for the whole year. The balance of farmers' loans was 18.23 trillion yuan, an increase of 8.2% year-on-year and an increase of 1.38 trillion yuan for the whole year. The balance of agricultural loans was 6.36 trillion yuan, an increase of 9.8% year-on-year, and an increase of 575.3 billion yuan for the whole year.
VI. The growth rate of real estate loans rebounded
At the end of the fourth quarter of 2024, the balance of RMB real estate development loans was 13.56 trillion yuan, an increase of 3.2% year-on-year, with a growth rate of 4.7 percentage points higher than the end of the previous year, and an increase of 412.5 billion yuan for the whole year. The balance of personal housing loans was 37.68 trillion yuan, a year-on-year decrease of 1.3%, and the growth rate was 0.3 percentage points higher than the end of the previous year.
At the end of the fourth quarter of 2024, the balance of RMB real estate loans was 52.8 trillion yuan, a year-on-year decrease of 0.2%, and the growth rate was 0.8 percentage points higher than the end of the previous year.
7. Loans support science and technology enterprises with great efforts
At the end of the fourth quarter of 2024, 262,500 technology-based small and medium-sized enterprises were supported by loans, with a loan rate of 546.9%, 2.1 percentage points higher than the 6 in the same period last year. The balance of domestic and foreign currency loans of technology-based small and medium-sized enterprises was 3.27 trillion yuan, an increase of 21.2% year-on-year, and the growth rate was 14 percentage points higher than that of various loans.
There are 258,100 high-tech enterprises that have received loan support, with a loan rate of 55.7%, 1.9 percentage points higher than the same period last year. The balance of loans from domestic and foreign currencies of high-tech enterprises was 15.63 trillion yuan, an increase of 7.5% year-on-year, and the growth rate was 0.3 percentage points higher than that of various loans.
8. Household consumer loans maintained growth
At the end of the fourth quarter of 2024, the balance of household loans from domestic and foreign currencies was 82.84 trillion yuan, a year-on-year increase of 3.4%, and an increase of 2.72 trillion yuan for the whole year. Among them, the balance of operating loans was 24.14 trillion yuan, an increase of 9% year-on-year and an increase of 1.98 trillion yuan for the whole year. The balance of consumer loans excluding personal housing loans was 21.01 trillion yuan, an increase of 6.2% year-on-year and an increase of 1.24 trillion yuan for the whole year.
Note 1: Starting from October 2024, the statistical scope of inclusive small and micro loans will be adjusted to small and micro enterprise loans with a single-family credit of less than 10 million yuan, and individual industrial and commercial households with a single-family credit of less than 10 million yuan, and small and micro business owners with a single-family credit of less than 10 million yuan. The data in this report are comparable caliber data.
Note 2: That is, internationally recognized climate mitigation projects. Among them, direct emission reduction projects have significant direct carbon emission reduction benefits, and there is a high consensus on their carbon reduction characteristics internationally and domestically; indirect emission reduction projects themselves do not contribute directly to carbon emission reduction, but indirect carbon emission reduction is achieved by supporting other projects to achieve carbon emission reduction goals or providing technical services to other projects.
Note 3: Starting from June 2024, the statistical scope of rural areas will be adjusted and the county urban area will be deducted from the rural areas. The data in this table (this report) are comparable caliber data.
Note 4: The growth rate of real estate development loans and real estate loans has been adjusted comparablely.
Note 5: The loan rate is the ratio of the number of loaned enterprises to the total number of enterprises in the list.
Note 6: Comparable data calculated based on the currently used list.
