China News Service, Lhasa, February 24 (Laba Dolma) A press conference on the financial operations of the Tibet Autonomous Region in 2023 was held in Lhasa on the 23rd.
According to the press conference, at the end of 2023, the social financing scale of the Tibet Autonomous Region was 794.301 billion yuan (RMB, the same below), a year-on-year increase of 11.73%.
According to the press conference, at the end of 2023, the balance of domestic and foreign currency loans in the Tibet Autonomous Region was 601.154 billion yuan, a year-on-year increase of 10.99%, which was 5.52 percentage points higher than the same period last year and 0.89 percentage points higher than the national average, an increase of 31.412 billion yuan year-on-year. Both growth rate and growth hit a new high in the past five years.
Various deposits have maintained steady growth. At the end of 2023, the balance of deposits in domestic and foreign currencies in the Tibet Autonomous Region was 644.631 billion yuan, a year-on-year increase of 1.34%.
Financial operations show a good trend of "reasonable growth in total financial volume, continuous optimization of credit structure, and stable and declining financing costs."
The picture shows the press conference site.
Photo by Labba Dolma
Li Yufu, member of the Party Committee and Deputy Governor of the Tibet Autonomous Region Branch of the People's Bank of China, introduced at the meeting that at the end of 2023, the balance of agriculture-related loans was 173.550 billion yuan, a year-on-year increase of 8.74%, which was 5.11 percentage points higher than the same period last year.
The balance of loans to the electricity, heat, gas and water production and supply industries increased by 25% year-on-year, and the balance of loans to the scientific research and technical services industry increased by 17.11% year-on-year.
In terms of financial assistance to Tibet in building a national ecological civilization highland, Li Yufu introduced that at the end of 2023, the green loan balance was 118.959 billion yuan, a year-on-year increase of 27.14%. It has maintained double-digit growth for 8 consecutive quarters, and the green loan balance accounted for 10% of the total loan balance. The proportion reached 19.8%.
Li Yufu said that the Tibet Branch of the People's Bank of China will ensure that the prudent monetary policy is precise and effective, continue to optimize the credit structure, improve the efficiency of fund use, comprehensively improve financial services and management levels, and help Tibet's economy achieve effective qualitative improvement and reasonable quantitative growth in 2024. .
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