In the past five years, the banking and insurance industries have provided 17 trillion yuan of new funds to the real economy.

Li Yunze, director of the China Banking and Insurance Regulatory Commission, introduced at the "High-Quality Completion of the 14th Five-Year Plan" themed press conference held by the State Council Information Office on September 22 that over the past five years, the banking and insurance industries have provided new funds amounting to 170 trillion yuan to the real economy through various means such as credit, bonds, and equity. The main channels for financing have been effectively utilized, targeted investment in key areas has been strong, social welfare has been significantly enhanced, and financial services have reached a new level. It was reported that over the past five years, loans for scientific and technological research, medium and long-term loans for manufacturing, and infrastructure loans have seen an average annual growth of 27.2%, 21.7%, and 10.1% respectively. Currently, the balance of loans to inclusive small and micro enterprises is 36 trillion yuan, 2.3 times that at the end of the 13th Five-Year Plan, with a decrease in interest rates by 2 percentage points.