Guangdong banking, insurance H1 core indicators top nation; manufacturing loans up 560.4 billion yuan

On July 30, the Guangdong Financial Regulatory Bureau held a press briefing on the H1 2026 performance of the province's banking and insurance sectors. The sectors' key development indicators led the nation, with total assets, total liabilities, deposit and loan balances, insurance industry assets, premium income, and underwriting profits all ranking first nationwide. Manufacturing loan growth accelerated to its highest level in nearly two years, with H1 increment reaching RMB 560.4 billion, an increase of RMB 209.4 billion year-on-year. Loans to foreign trade enterprises within the jurisdiction grew 11.44% year-on-year.

Financial resources have been increasingly concentrated in high-end, smart, and green sectors. Over 40% of the H1 growth in manufacturing loans was directed to high-tech manufacturing. In the insurance sector, liability insurance and credit insurance premiums grew rapidly, and export credit insurance coverage within the jurisdiction increased 7.3% year-on-year.

Loan balances in the Pearl River Delta accounted for 90% of the provincial total, while loan balances in northern Guangdong, eastern Guangdong, and western Guangdong grew 6.22% year-on-year, outpacing the provincial average. Provincial private enterprise loan balances increased by RMB 619.7 billion in H1, up RMB 179.2 billion year-on-year; small and micro enterprise loan balances grew 9.25% year-on-year; and agriculture-related loan balances rose 6.04% year-on-year.

In the county economy domain, the Guangdong Financial Regulatory Bureau, together with the provincial State-owned Assets Supervision and Administration Commission, launched a "financial advisor paired county empowerment action," forming a "100-person financial advisory team" to pair one-on-one with all 57 counties and 29 districts in northern, eastern, and western Guangdong. The action has held over 100 matchmaking events, resolved 525 demand issues, and planned and implemented 257 incremental projects, raising the county-level loan-to-deposit ratio across the jurisdiction to 81.52%.

In the marine economy domain, regulators issued multiple comprehensive support policies, including "Guangdong Marine Finance 20 Measures" and "Guangdong Marine Ranch Finance 10 Measures," initiated a "one-box, one-code" traceability mechanism, and promoted the "one-network sharing" of marine-related government information. In the second quarter, the "100-billion-yuan financing plan" for marine ranches was launched, and a co-insurance pool for modern marine ranch facilities and equipment was established, providing risk coverage for projects such as Zhanjiang's Haiwei-1 and Haiwei-2.

In the emerging industry sector, provincial strategic emerging industry loans maintained rapid growth, with loan growth rates exceeding 30% for semiconductor materials and equipment manufacturing, smart chips, and intelligent terminal manufacturing such as robotics. The insurance sector innovated low-altitude economy insurance protection services, launched a low-altitude insurance policy verification cooperation mechanism, and jointly built a low-altitude insurance scenario-based demonstration project.

In technology finance, the AIC equity investment pilot was accelerated, with 15 large bank-affiliated AIC funds completing industrial and commercial registration. Among the first batch of 66 guided technology bank branches, 70% had technology loans accounting for over 60% of corporate loan balances. In pension finance, the province ranked first nationwide in the cumulative deposit amount of personal pension accounts, and commercial annuity insurance premium income within the jurisdiction grew over 80% year-on-year. In cross-border finance, the Cross-border Wealth Management Connect 2.0 pilot saw cross-border fund transfers reach RMB 1,403 billion, and Guangzhou's "Sui Sui Kang" insurance product expanded its coverage to include Hong Kong and Macau residents working, living, and studying in Nansha District.