Lin Cong, Deputy Director of the Financial Regulatory Bureau, stated that in the past 5 years, the average annual growth rate of loans to private enterprises has been 1 percentage point higher than that of other types of loans.

On May 8th, Cong Lin, deputy director of the Banking and Insurance Regulatory Commission, stated at a press conference of the State Council Information Office that the loan issuance by banking financial institutions to private enterprises has been steadily increasing. In the past five years, the average annual growth rate of loans to private enterprises has been one percentage point higher than that of all other loans. As of the end of the first quarter of this year, the balance of loans to private enterprises was 76.07 trillion yuan, an increase of 7.41% year-on-year; the balance of loans to inclusive small and micro enterprises was 35.3 trillion yuan, an increase of 12.5% year-on-year.