Long-term loan issuance in financial institutions slows down.

Recently, the central bank released the first quarter of 2025 financial institutions loan destination statistics report. At the end of the first quarter of this year, the balance of various RMB loans of financial institutions was 26.541 trillion yuan, a year-on-year increase of 7.4%, a decrease of 2.2 percentage points from the same period in 2024. Although the first quarter is a major season for banks and other financial institutions to lend, the above-mentioned year-on-year growth rate has dropped to 10% compared to 2024, reflecting that financial institutions are paying more attention to balanced lending throughout the year, and also showing that the demand for enterprise financing needs to be improved. Securities China reporters noticed that, among the sub-items, the year-on-year growth rate of medium and long-term loans in the first quarter of this year has not only dropped to single digits, but for the first time in nearly 5 years it is lower than the year-on-year growth rate of short-term loans and bill financing.