Central Bank: Green Loan Growth in the First Three Quarters Real Estate Loan Growth Slowed Down

Source: CCTV news client

Yesterday (29th), Chinese Bank released the "Statistical Report on Loan Investment of Financial Institutions in the Third Quarter of 2021".

Statistics show that in the first three quarters, green loans maintained rapid growth, and the growth rate of real estate loans continued to slow down.

Industrial medium- and long-term lending growth slowed. In the first three quarters, the balance of medium- and long-term loans in the local and foreign currency industries increased by 2.04 trillion yuan, an increase of 702 billion yuan year-on-year. Among them, medium- and long-term loans in heavy industry increased by 23% year-on-year, the growth rate was 1.4 percentage points lower than the end of the previous quarter; medium- and long-term loans in light industry increased by 31.7% year-on-year, and the growth rate was 3.5 percentage points lower than the end of the previous quarter.

The growth rate of real estate loans continues to slow. At the end of the third quarter of 2021, the balance of medium- and long-term loans in the real estate industry increased by 0.2% year-on-year, and the growth rate was 3 percentage points lower than the end of the previous quarter. The balance of RMB real estate loans increased by 7.6% year-on-year, 4.3 percentage points lower than the growth rate of various loans, 1.9 percentage points lower than the growth rate at the end of the previous quarter; the first three quarters increased by 3.03 trillion yuan, accounting for 18.1% of the increase in loans in the same period, accounting for 0.8 percentage points lower than the end of the previous quarter and 7.3 percentage points lower than the level of the whole year of the previous year.

The growth rate of loans in the financial sector has decreased. At the end of the third quarter of 2021, the balance of loans in the RMB inclusive finance sector was 25.81 trillion yuan, an increase of 23.1% year-on-year, and the growth rate was 2.4 percentage points lower than the end of the previous quarter; in the first three quarters, it increased by 4.31 trillion yuan, an increase of 630.3 billion yuan year-on-year.

Green lending has maintained rapid growth. At the end of the third quarter, the growth rate of local and foreign currency green loans was 16.5 percentage points higher than that of various loans, and the increase in the first three quarters was 2.74 trillion yuan. Among them, loans to projects with direct and indirect carbon reduction benefits were 6.98 and 2.91 trillion yuan respectively, accounting for 66.9% of green loans. (CCTV reporter Sun Yan)