The new record of 8.34 trillion yuan in loans in the first quarter was clearly targeted.
The “Statistical Report on Loan Investment of Financial Institutions in the First Quarter of 2022” released by the People’s Bank of China on May 6 shows that real estate development loans have increased month-on-month, and personal housing loan interest rates have fallen .
The report shows that at the end of the first quarter of 2022, the balance of RMB real estate loans was 53.22 trillion yuan, a year-on-year increase of 6%, 1.9 percentage points lower than the growth rate at the end of the previous year; An increase of 779 billion yuan, accounting for 9.3% of the increase in various loans in the same period, accounting for 9.8 percentage points lower than the level of the previous year.
Specifically, at the end of the first quarter of 2022, the balance of real estate development loans was 12.56 trillion yuan, a year-on-year decrease of 0.4 percentage points, and the growth rate was 1.3 percentage points lower than that at the end of the previous year; An increase of 290 billion yuan in the first quarter, an increase of 441.4 billion yuan over the fourth quarter of the previous year.
The balance of personal housing loans was 38.84 trillion yuan, a year-on-year increase of 8.9%, and the growth rate was 2.3 percentage points lower than that at the end of the previous year. In March, the new personal housing loan interest rate was 5.42%, 17 basis points lower than the beginning of the year. The
“Report” shows that in the first quarter, loans to enterprises and institutions grew steadily, but the growth of medium and long-term loans decreased year-on-year, and the interest rate of newly issued enterprise loans further fell.
According to data, loans to enterprises and institutions in local and foreign currencies increased by 7.25 trillion yuan in the first quarter, a year-on-year increase of 1.69 trillion yuan.
In terms of maturity, short-term loans and bill financing increased by 3.2 trillion yuan in the first quarter, an increase of 2.28 trillion yuan year-on-year. Medium and long-term loans increased by 3.96 trillion yuan in the first quarter, a decrease of 514.4 billion yuan year-on-year.
In March, the new corporate loan interest rate was 4.37%, 8 and 19 basis points lower than the beginning of the year and the same period last year, respectively.
The growth rate of household loans slowed down in the first quarter, and household loans in local and foreign currencies increased by 1.26 trillion yuan in the first quarter, a decrease of 1.3 trillion yuan year-on-year.
Specifically, domestic and foreign currency household operating loans increased by 888.7 billion yuan in the first quarter, a decrease of 241.4 billion yuan year-on-year. Household other consumer loans (excluding personal housing loans) decreased by 150.2 billion yuan in the first quarter, a decrease of 3 year-on-year58.5 billion yuan. In March, the interest rate of newly issued household other consumption loans was 7.68%, 67 and 41 basis points lower than the beginning of the year and the same period of the previous year, respectively.
Inclusive finance loans continued to maintain rapid growth, and the proportion of credit loans increased.
RMB-denominated inclusive finance loans increased by 1.98 trillion yuan in the first quarter, an increase of 17.8 billion yuan year-on-year.
Among them, the balance of inclusive small and micro loans at the end of the first quarter was 20.77 trillion yuan, a year-on-year increase of 24.6%, and the growth rate was 2.7 percentage points lower than that at the end of the previous year, of which credit loans accounted for 20.77 trillion yuan. Compared with 18.9%, 0.8 percentage points higher than the end of the previous year; in the first quarter, it increased by 1.55 trillion yuan, a decrease of 24.1 billion yuan year-on-year. The interest rate of newly issued inclusive small and micro enterprise loans in March was 4.93%, 17 basis points lower than that at the beginning of the year.
In addition, green loans maintained rapid growth, with RMB and foreign currency green loans increasing by 2.05 trillion yuan in the first quarter. Among them, loans to projects with direct and indirect carbon emission reduction benefits were 7.79 and 4.22 trillion yuan respectively, accounting for 66.5% of green loans in total.