Yichang's H1 credit hits record high
2023-09-08 20:09:19
By Tan Maolin, Yichang International Communication Studio
Yichang issued 52.5 billion yuan (US$ 7.1 billion) in new loans in H1, hitting the highest level for the same period in history and leading among equivalent cities in Hubei province. Outstanding loans grew by 15.24 percent year-on-year, 4.08 points higher than the provincial average.
In H1, financial institutions increased their support for key industries, such as manufacturing, agriculture, high-tech and new-energy. Loans were issued to 36 major industrial projects and 30 major infrastructure projects in the first half of the year. Up to now, 17 major industrial projects have gained a combined credit line totaling 51.53 billion yuan and seven major infrastructure projects have gained a combined credit line totaling 16.40 billion yuan.
These measures have created the necessary momentum for local economic development. In the first half of the year, Yichang focused on starting a total of 468 major projects, with total investments of 316.5 billion yuan.
Yichang issued 52.5 billion yuan (US$ 7.1 billion) in new loans in H1, hitting the highest level for the same period in history and leading among equivalent cities in Hubei province. Outstanding loans grew by 15.24 percent year-on-year, 4.08 points higher than the provincial average.
In H1, financial institutions increased their support for key industries, such as manufacturing, agriculture, high-tech and new-energy. Loans were issued to 36 major industrial projects and 30 major infrastructure projects in the first half of the year. Up to now, 17 major industrial projects have gained a combined credit line totaling 51.53 billion yuan and seven major infrastructure projects have gained a combined credit line totaling 16.40 billion yuan.
These measures have created the necessary momentum for local economic development. In the first half of the year, Yichang focused on starting a total of 468 major projects, with total investments of 316.5 billion yuan.
