China recorded a rapid growth in its industrial medium- and long-term loans, green loans and inclusive loans to micro and small enterprises (MSEs) in the first nine months of 2025, with strong loan support for technology innovation enterprises, the People's Bank of China, the country's central bank, said on Friday.
In the January-September period, the industrial sector saw robust medium- to long-term lending growth, with the balance denominated in both local and foreign currencies standing at 26.59 trillion yuan (about 3.69 trillion U.S. dollars), representing a 9.7 percent year-on-year expansion that outpaced the overall loan growth rate by 3.2 percentage points.
Inclusive loans to MSEs maintained vigorous growth momentum, with the RMB-denominated loan balance reaching 36.09 trillion yuan (about 5.01 trillion U.S. dollars) , climbing 12.2 percent from a year earlier and exceeding the average loan growth by 5.6 percentage points.
Green loans also demonstrated strong expansion, with the balance in domestic and foreign currencies swelling to 43.51 trillion yuan (around 6.04 trillion U.S. dollars), representing a 17.5 percent increase since the start of 2025.
Furthermore, agriculture-related loans continued steady growth, recording a balance of 53.4 trillion yuan (about 7.42 trillion U.S. dollars) across all currencies, a 6.8 percent year-on-year growth that slightly exceeded the overall loan growth rate by 0.3 percentage points.
In addition, substantial credit support flowed to innovation-driven enterprises, with 275,400 technology-focused SMEs securing financing at a 50.3 percent coverage rate, up 2.8 percentage points year on year, while 266,600 high-tech enterprises obtained loans with 57.6 percent coverage, 0.8 percentage points higher than that of 2024.
China records robust growth in key sector loans in Jan-Sept
