The People's Bank of China Zhongshan Central Branch recently disclosed that in the first half of this year, the total credit supply of Zhongshan's banks was sufficient with improved efficiency and decreased prices.

At the end of June, the balance of domestic and foreign currency loans in Zhongshan was 545.24 billion yuan, an increase of 19.55% from last year. In the first half of the year, the credit supply increased by 53.949 billion yuan, a yearly increase of 6.281 billion yuan. At the end of June, the deposit balance was 671.054 billion yuan, a yearly increase of 6.91%.

The credit supply in Zhongshan will aim to support enterprises and institutions this year. At the end of June, the balance for enterprises and institution loans was 246.613 billion yuan, an increase of 23.52% from last year.

The proportion of new industrial loans to the manufacturing, infrastructure, and retail industries accounted for 46.98%, 26.36% and 13.39% respectively, totaling 86.74% of all new industrial loans.

In addition, loans for scientific research and technical services, education, health and social work, culture, sports, and entertainment grew rapidly, with the loan balances increasing by 104.25%, 55.56%, 116.33% and 28.55%, respectively.

In June, the scale of real estate development loans shrank for the first time, with the balance at the end of the month down 979 million yuan from the beginning of the year, a yearly decrease of 5.66%. The balance of personal housing loans increased by 16.51% over the same period last year.