The press conference on financial operation of Xizang in the first half of 2024 was held in Lhasa on the 30th. Li Yufu, member of the Party Committee and Vice President of the Xizang Autonomous Region Branch of the People's Bank of China, reported on the financial operation of the whole region in the first half of 2024 from five aspects: total financial volume, credit structure, comprehensive social financing costs, cross-border RMB business, and financial security at the press conference. In the first half of the year, the financial operation situation in the entire region was good, with high overall growth rate, excellent credit structure, reduced financing costs, and low financial risks. The overall financial volume has shown significant growth, providing strong and effective support for the recovery and improvement of the real economy, with a high growth rate in social financing. At the end of June, the total social financing scale in the region was 890.072 billion yuan (RMB, the same below), a year-on-year increase of 17.49%; In the first half of the year, the scale of social financing increased by 95.771 billion yuan, an increase of 49.074 billion yuan year-on-year. The picture shows the scene of the press conference on financial operation in Xizang in the first half of 2024. Gong Queshi and Li Yufu also introduced that there is strong support for private small and micro enterprises. At the end of June, the balance of private economic loans in the entire region was 130.722 billion yuan, a year-on-year increase of 13.67%; The balance of loans for small and micro enterprises in the entire region was 146.41 billion yuan, a year-on-year increase of 32.27%, which was 19.51 percentage points higher than the average growth rate of various loans. He stated that the real estate financing situation has improved. At the end of June, the balance of real estate loans in the entire region was 41.095 billion yuan, a year-on-year increase of 11.31%, with a growth rate 6.32 percentage points faster than the same period last year. At the same time, we will focus on key enterprises, key areas, and key regions to effectively improve the quality and efficiency of cross-border RMB business. In the first half of the year, the cross-border RMB business receipts and payments in the entire region exceeded 600 million yuan. Among them, 13 new market entities were added to handle cross-border RMB business, with a total payment amount of 54.7887 million yuan; The cross-border RMB receipts and payments under tourism services amounted to 36.4067 million yuan, a year-on-year increase of over 25 times; RMB cross-border receipts and payments between Xizang and ASEAN countries reached 96.0551 million yuan, a year-on-year increase of more than 27 times; The amount of cross-border RMB receipts and payments between Xizang and Nepal was 13.6836 million yuan, up nearly three times year on year. (New Society)