In the third quarter, Tianjin financial statistics announced that deposit growth hit a new high for the same period in recent years.

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On October 25, the Tianjin Branch of the People’s Bank of China held a press conference

According to data recently released by the Tianjin Branch of the People’s Bank of China, Tianjin’s financial operations have shown a continued good trend in the first three quarters of this year.

Deposits maintained rapid growth and the growth rate reached a new high for the same period in recent years.

At the end of September, the balance of local and foreign currency deposits in the city’s financial institutions was 4.36 trillion yuan, a year-on-year increase of 12.3%. The growth rate has remained above 10% for 12 consecutive months, setting a new high for the same period since 2014. The deposit structure presents the following characteristics:

　　The growth rate of household deposits continues to be higher than that of the whole country.At the end of September, the city’s household deposit balance was 2.17 trillion yuan, a year-on-year increase of 18.1%, exceeding the national average growth rate of household deposits for 10 consecutive months; an increase of 224.5 billion yuan from the beginning of the year, an increase of 34.4 billion yuan year-on-year, accounting for the city’s increase in various deposits 72.3%.

　　The growth rate of deposits of non-financial enterprises accelerated.At the end of September, the city’s non-financial corporate deposit balance was 1.47 trillion yuan, a year-on-year increase of 1.9%, and the growth rate was 1.5 percentage points higher than the end of June; it increased by 75.6 billion yuan from the beginning of the year, accounting for 24.3% of the city’s increase in various deposits.

　　Institutional and financial deposits increased year-on-year.At the end of September, the city’s government agency deposit balance was 349.3 billion yuan, an increase of 22 billion yuan from the beginning of the year, and a year-on-year increase of 12.1 billion yuan; the fiscal deposit balance was 81.1 billion yuan, an increase of 50.1 billion yuan from the beginning of the year, and a year-on-year increase of 41.2 billion yuan.

Loan growth continues to accelerate and credit structure is further optimized

At the end of September, the city’s financial institutions’ loan balance in local and foreign currencies was 4.53 trillion yuan, a year-on-year increase of 7.5%, and the growth rate was 2.6 and 2.4 percentage points higher than that at the end of March and June respectively. Various loans increased by 267.9 billion yuan compared with the beginning of the year, an increase of 171.5 billion yuan year-on-year. The loan structure presents the following characteristics:

　　Unit loans maintained rapid growth.At the end of September, the city’s corporate loan balance was 3.37 trillion yuan, a year-on-year increase of 10.6%, 3.1 percentage points higher than the average growth rate of various loans; an increase of 271.3 billion yuan from the beginning of the year, an increase of 147.7 billion yuan year-on-year. In terms of terms, the balance of short-term loans was 769.4 billion yuan, a year-on-year increase of 19.2%; the balance of medium- and long-term loans was 1.9035 billion yuan, a year-on-year increase of 12.4%, and the growth rate was 0.8 and 1.85 percentage points higher than the first quarter and the first half of the year respectively.

　　The growth rates of industrial and service industry loans were higher than the average growth rate of all loans.At the end of September, the city’s industrial loan balance was 546.3 billion yuan, a year-on-year increase of 14.8%, which was 7.3 percentage points higher than the growth rate of all loans. Among them, manufacturing loans increased by 18.7% year-on-year, and the growth rate increased by 8.4 percentage points from the same period last year; manufacturing loans accounted for 11.5% of all industry loans, an increase of 0.7 percentage points from the same period last year. The balance of service industry loans was 2,371.6 billion yuan, a year-on-year increase of 10.0%, which was 2.5 percentage points higher than the growth rate of all loans, and the growth rate was 8.4 percentage points higher than the same period last year.

　　Inclusive loans to small and micro enterprises, private enterprises and agriculture-related loans grew rapidly.At the end of September, the city’s inclusive small and micro loan balance was 353.1 billion yuan, a year-on-year increase of 14.2%. Among them, credit loans increased by 37.4% year-on-year, accounting for 40.4% of inclusive small and micro loans, an increase of 6.8 percentage points from the same period last year. The balance of private enterprise loans was 805.4 billion yuan, a year-on-year increase of 11.1%, and the growth rate was 8.1 percentage points higher than the same period last year, accounting for 26.8% of all enterprise loans. The balance of agriculture-related loans was 301.2 billion yuan, a year-on-year increase of 11.6%, of which agricultural, rural, and farmer household loans increased by 17.7%, 10.9%, and 12.8% respectively.

The scale of social financing increased year-on-year, and the proportion of incremental loans in social financing increased significantly.

At the end of September, the city’s social financing scale stock was 7.0 trillion yuan, a year-on-year increase of 7.3%, and the growth rate was 2.1 percentage points higher than the same period last year. In the first nine months, the city’s social financing scale increased by 409.4 billion yuan, more than the same period last year. 141.1 billion yuan. The scale structure of social financing shows the following characteristics:

　　Loans extended to the real economy increased significantly.In the first nine months, RMB loans issued by the city’s financial institutions to the real economy increased by 245.8 billion yuan, an increase of 140 billion yuan year-on-year; foreign currency loans issued to the real economy increased by RMB 22.4 billion equivalent to a year-on-year increase of 37.2 billion yuan. The two together accounted for 65.5% of the increase in social financing scale, a year-on-year increase of 31.6 percentage points.

　　The proportion of entrusted loans and trust loans increased.In the first nine months, the city’s entrusted loans increased by 12.5 billion yuan, an increase of 11.4 billion yuan year-on-year, accounting for 3.1% of the increase in social financing scale, an increase of 2.7 percentage points year-on-year; trust loans increased by 11.2 billion yuan, an increase of 13.4 billion yuan year-on-year, Accounting for 2.7% of the increase in social financing scale, a year-on-year increase of 3.5 percentage points.

　　Bond financing and stock financing maintained steady growth.In the first nine months, the city’s corporate bond financing was 65.7 billion yuan, stock financing was 4.3 billion yuan, and direct financing totaled 70.1 billion yuan, an increase of 16.7 billion yuan year-on-year, accounting for 17.1% of the increase in social financing scale; local government bond financing was 36.5 billion yuan , accounting for 8.9% of the increase in social financing scale.

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