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People's Bank of China's Yan Xiandong: Finance 'Five Key Sectors' Loan Balance Surpassed 103 Trillion Yuan by End of May
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Author：小编
Yan Xiandong, Director of the Survey and Statistics Department at the People's Bank of China, disclosed on July 14 that the loan balance for the 'five key sectors' in finance amounted to 103.32 trillion yuan by the end of May, marking a 14% year-on-year increase. Notably, the loan balance dedicated to science and technology stood at 43.3 trillion yuan, up 12% year-on-year. These figures underscore a positive growth trajectory in financial services supporting the real economy, particularly within the realm of science and technology.
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