Beijing's H1 Social Financing Increment Hits 1,058.1 Billion Yuan, Corporate Direct Financing at 69.1%

At end-June, the balance of RMB deposits in the Beijing region stood at 32.33 trillion yuan, up 13.2% year-on-year, with the growth rate 10.8 percentage points higher than the same period in 2025. The balance increased by 2.60599 trillion yuan from the beginning of the year, with a year-on-year increase of 1.77499 trillion yuan.

In the first half of 2026, Beijing's social financing increment reached 1.05813 trillion yuan, of which net corporate bond financing was 662.46 billion yuan and net corporate equity financing was 68.26 billion yuan. Together, these accounted for 69.1% of the social financing increment, 16.3 percentage points higher than the same period in 2025. In the first half, trust loans, entrusted loans, and undiscounted bank acceptance bills together recorded a net decrease of 137.03 billion yuan.

In June, the weighted average interest rate on general loans of financial institutions in Beijing was 3.27%, down 16 basis points year-on-year; the weighted average interest rate on corporate loans was 2.31%, down 21 basis points year-on-year. Loan balances to the information transmission, software and information technology services sector grew 24.0% year-on-year; loans to scientific research and technical services grew 13.6%; loans to leasing and business services grew 12.1%; and medium- and long-term loans to manufacturing grew 5.9%.

As of end-June, loan balances to technology-oriented small and medium-sized enterprises in Beijing grew 16.6% year-on-year, with the scale of technology loans ranking among the highest in the country. The People's Bank of China Beijing Branch continued to leverage the role of relending for technological innovation and technological transformation. In the first half, enterprises and institutions in the city issued 119.1 billion yuan in technology innovation bonds on the interbank market, with the proceeds mainly directed to frontier technology sectors. The loan scale for financial 'five major articles' in Beijing reached nearly 7 trillion yuan, accounting for nearly 50% of total loans.

The People's Bank of China Beijing Branch is studying and drafting the 'Beijing Green Transition Related Key Sectors Financial Support Catalogue (Trial)' to build a green financial support system that better meets the needs of low-carbon transition. It is also piloting transition finance standards for industries such as building materials, agriculture, and coal power, guiding financial institutions to establish transition finance project libraries, and prompting financing entities to formulate transition development plans to achieve the landing of transition project loans. In the first half, cumulative relending for agriculture and small enterprises, and for the private economy, exceeded 130 billion yuan.

In 2026, Beijing launched a special financial support for agriculture action covering all village-level administrative areas in the city, deepening the construction of rural credit systems, and guiding banks to innovate product models such as seed industry loans and live livestock mortgage loans. At end-June, the city's venture guarantee loan scale exceeded 13 billion yuan. In pension finance, health sector industrial loans were included in the scope of support for service consumption and pension relending, promoting financial institutions to innovate elderly-friendly products and services, and issuing the second edition of the 'Pension Financial Products Handbook'. In digital finance, financial institutions are guided to focus on increasing financing support for the digital and intelligent transformation of small and medium-sized enterprises, supporting the construction of 'Digital-Smart Beijing'.