The People's Bank of China (PBOC) held a press conference on financial statistics in the first quarter of 2023 on April 20. Ruan Jianhong, director of the survey and statistics department of the PBOC, said at the meeting that in the first quarter of this year, RMB loans increased by 10.6 trillion yuan, an increase of 2.27 trillion yuan year-on-year. This shows that the financial system's credit support for the real economy in the first quarter of this year was relatively strong.
According to the questionnaire of the People's Bank of China, the overall loan demand index in the first quarter of this year was 78.4%, which was 18.9 percentage points higher than the previous quarter.
From the perspective of industry investment, new loans were mainly invested in key areas such as manufacturing, infrastructure construction, and service industries, and real estate loans were on the rise.
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