To do business requires capital, to strive for a better life requires earning money. The latest data shows that in 2023, China's new RMB loans exceeded 22 trillion yuan. Behind this are more development opportunities, demonstrating the strong vitality of the Chinese economy. Financial activities, economic activities. The historic leap in China's economic strength cannot be achieved without the support of abundant credit funds. With the gross domestic product (GDP) exceeding 120 trillion yuan in 2022, China's new loans also exceeded 21 trillion yuan that year and further increased to 22.75 trillion yuan in 2023. Where have over 22 trillion yuan of new loans been invested? Nearly 80% have invested in enterprises. Funds are one of the confidence factors for the development of enterprises. If a company is tight handed, it will be difficult to boldly pursue the future. Data shows that in 2023, loans from enterprises and institutions increased by 17.91 trillion yuan, of which medium - and long-term loans from enterprises accounted for about 76% of the increase, a significant increase from 62% in 2019, and the stability of enterprise financing continued to improve. From another perspective, the development momentum of business entities in China remains strong, with a continuous demand for financing. Since June 2023, the asset liability ratio of industrial enterprises has remained at 57.6% for several consecutive months. How to maintain profit growth with controllable debt increments while maintaining good growth momentum in corporate loans has become a challenge for enterprise development. Revitalizing inefficient financial resources and improving capital turnover efficiency is the wise move. So what areas have the funds been flowing into? It is not difficult to see the clues from the information obtained from the journalist's interviews with financial institutions. At present, the year-on-year growth rate of manufacturing medium - and long-term loans, inclusive small and micro loans, and green loans of major state-owned banks has remained at around 30% to 40%. Some large banks have seen a year-on-year growth rate of strategic emerging industry loans exceeding 50%, all faster than their total loan growth rate. More credit resources are being used to accelerate the cultivation of new quality productivity. Places with active funds are mostly full of vitality. Domestic mobile phones and new energy vehicles are becoming popular, domestic cruise ships are making their debut, and large aircraft are making their debut without stopping. The cultural and tourism market is recovering strongly, and rural revitalization is showing a new atmosphere... From the perspective of the "money landscape", the credit structure has increased and decreased, and the efficiency of fund utilization continues to improve, closely following the direction of high-quality development of the Chinese economy. The increasing number of new loans year by year is only one aspect of financial support for economic development. A considerable portion of China's total loans need to be recovered and reinvested every year. At the end of 2023, the balance of RMB loans in China was 237.59 trillion yuan, more than ten times the annual increase. Apart from credit, China also has the world's second-largest insurance, stock, and bond markets, and direct financing channels for enterprises are constantly expanding. To provide high-quality services for economic and social development, the financial system has been awesome and will continue to work. The Central Financial Work Conference held at the end of October last year first proposed the goal of accelerating the construction of a strong financial country, elevating financial work to a higher strategic height. The world's earliest paper currency, Jiaozi, was born in China and has had a profound impact on China and even the world. The past has gone on for thousands of years, and now standing at a new starting point, with the strong support of high-quality financial development, the "living water" of finance is pouring into the fertile soil of development, bringing more innovative driving force to the Chinese economy
Edit：Hou Wenzhe Responsible editor：WeiZe
Source：XinhuaNet
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