China News Service, April 24th-The Central Bank released a report on the loan investment of financial institutions in the first quarter of 2020 on the 24th. The report shows that in the first quarter of 2020, loans in the inclusive financial sector maintained rapid growth.
At the end of the first quarter of 2020, the RMB inclusive financial sector loan balance was 18.33 trillion yuan, an increase of 17.7% year-on-year, and the growth rate was 0.6 percentage points higher than that at the end of the previous year. The first quarter increased by 1.03 trillion yuan, an increase of 313.5 billion yuan year-on-year.
At the end of the first quarter of 2020, the balance of inclusive small and micro loans was 12.41 trillion yuan, an increase of 23.6% year-on-year, and the growth rate was 2.6 and 0.5 percentage points higher than those at the end of the previous month and the end of the previous year; the first quarter increased by 840.5 billion yuan, an increase of 2876 100 million yuan. The balance of farm household production and operation loans was 5.54 trillion yuan, an increase of 6.9% year-on-year; the balance of entrepreneurial guarantee loans was 151.6 billion yuan, an increase of 33.9% year-on-year; the balance of student loans was 115.6 billion yuan, an increase of 12.4% year-on-year.
At the end of the first quarter of 2020, the balance of loans for the poor who established Lika was 215 billion yuan. Considering the situation of the policy of getting rid of poverty, the balance of loans for the poor and the poor has been set at 728.1 billion yuan.