According to Analysis of Huizhou's Financial Operations in the First Quarter of 2025 that was recently released by Huizhou Branch of the People’s Bank of China, Huizhou’s financial sector performed well in this year’s first quarter, fully leveraging the dual functions of monetary policy tools in terms of both total volume and structure. By focusing on the “five major tasks” of financial work, Huizhou managed to increase financial support for major strategic initiatives, key sectors, and areas in need of improvement, resulting in the stable operation of the city's key financial indicators. To be specific, the financing costs for the real economy have continued to decline, and the structure of credit allocation has continued to improve. Several specialized loan indicators, such as medium- and long-term loans for manufacturing and loans for infrastructure, have maintained a rapid growth, and the effectiveness of financial support for the real economy has continued to improve. As of the end of March this year, the total balance of domestic and foreign currency deposits in the city reached 1.01 trillion yuan, while the total balance of loans reached 1.119 trillion yuan, maintaining the “double trillion yuan” structure for both deposits and loans.
In terms of deposits, the growth rate of total deposits in Huizhou slowed down in the first quarter of this year. As of the end of March, the balance of all deposits in the city, both domestic and foreign currencies, was 1.01 trillion yuan, a year-on-year decrease of 1.2%. By currency type, Renminbi deposits grew by 2.1% year-on-year, while foreign currency deposits declined by 49.5% year-on-year.
In terms of loans, all types of loans in the city grew steadily in the first quarter of this year. As of the end of March, the balance of all types of domestic and foreign currency loans in the city was 1.11905 trillion yuan, a year-on-year increase of 0.9%.
Credit resources are now being allocated toward key areas such as infrastructure, scientific and technological innovation, green development, and new productive enterprises in a much faster pace. As of the end of March, infrastructure loans in the city had seen an increase of 20.9% year-on-year. Huizhou has taken active measures to make manufacturing industry as the mainstay, and the innovative driving capacity of financial services in the science and technology innovation sector has continued to improve, with medium- and long-term loans to the manufacturing industry growing by 14.8% year-on-year. Long-term loans to advanced manufacturing grew by 9.8% year-on-year; long-term loans to high-tech manufacturing grew by 7.1% year-on-year; and long-term loans to scientific research and technical services grew by 10.5% year-on-year. To support the ecological construction of building a green and beautiful Huizhou, Huizhou has seen a steady growth in its green loans, with an increase of 7.45 billion yuan compared to the beginning of this year.
Inclusive finance has been improved and expanded, and financial development factors for economically weak areas have been secured, creating a better financing environment for the promotion of the “Hundred, Thousand, and Million Project” and the development of private small and micro enterprises. As of the end of March, agricultural loans in the city had increased by 10.34 billion yuan since the beginning of the year. Among them, loans to farmers increased by 8.9% year-on-year, and loans to agriculture, forestry, animal husbandry, and fisheries increased by 4.4% year-on-year. Inclusive micro-loans grew by 12.2% year-on-year. The proportion of loans to private enterprises increased by 41.5 percentage points compared with the same period last year.
Reported by: LIU Weiwei, LIANG Xinyun, LAI Zhibin
