CNTV News: The People's Bank of China announced today that the new yuan loans in July reached 540.1 billion yuan, and the total yuan loans in the first seven months increased by 5.4 trillion yuan, 731.8 billion yuan more than the same period last year. While adhering to the "prudent" tone, China's monetary policy has become more flexible and forward-looking this year, and through continuous fine-tuning, it has provided support for stable growth.

Xixian county is a large county of grain production in Henan province, Yangdian township farmer Peiqiwei more than 300 mu of rice has not been harvested, but has begun to prepare for the autumn planting, due to lack of funds, he made a loan application to the local agricultural bank, did not expect the account manager of the agricultural bank of the same day to do loan investigation. Saw his kind of rice, and saw his house and harvester, the customer manager told him that the loan can be approved as soon as tomorrow.

Pei Qiwei felt that loans are easier, but he did not know that this year, the central bank cut the reserve requirement ratio of financial institutions twice, cut the deposit and lending rates twice, so that banks have more funds to support the real economy, but also let borrowers like him reduce interest expenses.

Not only has the central bank increased the intensity of the policy of strengthening agriculture and benefiting agriculture, but the CBRC also requires financial institutions to increase innovation in rural financial products and improve the level of rural financial services.

Statistics show that the balance of agriculture-related loans in the first half of the year was 16.29 trillion yuan, an increase of 21.6% year-on-year, 7 percentage points higher than the average growth rate of all loans. Not only that, the continuous fine-tuning of the central bank's monetary policy has also sent a timely signal to ensure economic growth and stabilize market confidence. The 0.5 percentage point cut in the reserve requirement ratio alone has released about 450 billion yuan of funds, which has helped many small and micro enterprises hungry for capital to quenalise their thirst and bring new changes to their operations.

Because of the funds, Saihao company invested tens of millions of yuan at a breath to introduce the world's top processing center, the precision of processing grinding tools reached one tenth of a hair, the enterprise also got a large order from German Benz. And in Zhejiang Huangyan, not only Saihao company, mold, plastics and other industries exports have shown signs of warming in the trend, the first half of exports reached 1.48 billion US dollars, an increase of 23.4%.

In the first half of the year, the balance of loans to small and micro enterprises of China's banking financial institutions was 13.5 trillion yuan, an increase of 18.5%. Under the guidance of monetary policy, key national projects under construction and renewal, affordable housing and other livelihood projects have received corresponding credit support in the first half of the year.

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