In the first quarter of the year, Zhongshan sees moderate growth in loans and deposits, according to Zhongshan Central Branch of the People’s Bank of China. The quarter-end deposit balance increased 6.8% from a year earlier to 576.08bn yuan, while the loan balance was up 7.99% to 384.44bn yuan.

The increase of loan issued in Q1 was 10.951bn yuan. The proportion allocated to manufacturing- and transportation-related industries is being raised gradually. Financing institutions had further increased credit support to SMEs. In Q1, the newly-increased loans to SMEs reached 6.768bn yuan, accounting for 61.8% of the total loan increment.