BEIJING, July 28 (Xinhua) -- China's credit structure improved in the first half of this year, with consumption loans and medium and long-term lending to businesses seeing faster increases, a central bank report said Friday.
Outstanding household consumption loans totaled 18.75 trillion yuan (2.63 trillion U.S. dollars) at the end of June, up 12.4 percent from a year ago, said a quarterly report of the People's Bank of China. The growth rate was 8.3 percentage points higher than at the end of 2022.
Meanwhile, medium and long-term loan balances to enterprises and public institutions registered a 17.9-percent year-on-year increase -- 3.4 percentage points higher than six months ago -- to 95.96 trillion yuan.
The report showed rapid growth in inclusive and green loans and robust funding for tech firms in the first six months.
Outstanding inclusive loans to micro and small enterprises jumped 26.1 percent year on year to 27.69 trillion yuan, and the country's green lending surged 38.4 percent to 27.05 trillion yuan. The balance of loans to small and medium-sized tech firms gained 25.1 percent to 2.4 trillion yuan.
At the end of June, the outstanding property loans came in at 53.37 trillion yuan, up 0.5 percent from a year earlier.
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