China News Agency, Beijing, May 6 (Reporter Xia Bin) Industry is an important support for stabilizing the macroeconomic market, and infrastructure construction is an important area to boost investment demand.

The People's Bank of China said on the 6th that loans to key sectors such as industry and infrastructure maintained rapid growth in the first quarter.

The financial system effectively guarantees the high-quality development of the manufacturing industry and the capital needs for major infrastructure construction.

  The data released on the same day showed that in the first quarter, the balance of medium and long-term loans in domestic and foreign currency industries was 14.39 trillion yuan (RMB, the same below), a year-on-year increase of 20.7%, 9.7 percentage points higher than that of various loans; the balance of medium and long-term loans for infrastructure construction in domestic and foreign currencies 30.26 trillion yuan, a year-on-year increase of 13.2%, 2.2 percentage points higher than various loans.

  At the same time, the average loan interest rates for industrial enterprises and infrastructure enterprises were 4.33% and 4.24%, respectively, down 12 basis points from the same period of the previous year.

  The People's Bank of China also pointed out that in the first quarter, inclusive small and micro loans increased by 24.6% year-on-year, of which the year-on-year growth rate of loans to individuals, namely individual industrial and commercial households and small and micro business owners, was 21.3%, which was 10 percentage points higher than the growth rate of various loans. above.

The issuance of these loans has strongly supported the relief assistance to small and micro enterprises and individual industrial and commercial households, and is conducive to stabilizing market players.

  In addition, loans to support technological innovation have grown substantially.

The People's Bank of China said that in the first quarter, RMB loans to technology-based SMEs increased by 26.7% year-on-year, 15.3 percentage points higher than that of various loans, and interest rates dropped by 28 basis points compared with the same period of the previous year. Financial support for technological innovation strategies has been further strengthened.

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