Henan Banking Sector's Loans to Manufacturing Industry Breaks 9,000 Billion Yuan Mark

【Editor: Xu Bing】As the foundation of real economy and the core driving force for high-quality economic development, manufacturing is expected to receive precise nourishment from financial resources. As of June 30, 2025, the outstanding loans of Henan's banking sector to the manufacturing industry exceeded 9,000 billion yuan, up 13.43% year-on-year, with a growth rate higher than the average growth rate for all types of loans by 6.46 percentage points.

Strengthening Supervision and Enhancing ServicesHenan Financial Regulatory Bureau has been leading financial institutions to focus on advanced manufacturing, "specialized and special" small and medium-sized enterprises, and key industries, and increasing the provision of long-term loans. Data shows that as of June 30, the outstanding long-term loans to the manufacturing industry reached 3,563.91 billion yuan, up 8.35% year-on-year, providing stable funding support for enterprise technological upgrading and capacity expansion.

In terms of foreign trade, Henan Financial Regulatory Bureau has guided financial institutions to expand their export credit insurance coverage, supporting enterprises in conducting domestic trade credit insurance and helping "Henan manufacturing" expand its international market. Through innovative products such as cross-border financing, trade financing, etc., the province's foreign trade integration level has significantly improved, further enhancing the global competitiveness of manufacturing enterprises.

Deepening Support for EnterprisesTo effectively reduce enterprise burdens, Henan Financial Regulatory Bureau has been pushing forward with the "General Manager Goes to 10,000 Enterprises" activity, establishing a mechanism for banks to provide coordinated services. As of June 30, all banks in the province had visited enterprises 9.43 million times, achieving cooperation intentions totaling 124 billion yuan, effectively resolving enterprise financing difficulties.

In the "Reduce Fees and Benefits" special campaign, Henan's banking sector has strictly implemented service price management requirements, optimizing credit structures, promoting interest-free loans, etc. to continuously reduce financing costs. In the first half of the year, new loan disbursements to the manufacturing industry increased by 21.38% year-on-year, with an average interest rate decrease of 0.64 percentage points, totaling over 20 billion yuan in savings for enterprises.

Driving Innovation and UpgradingHenan Financial Regulatory Bureau has issued the "Action Plan for Promoting High-Quality Development of Technological Finance" and implemented five major initiatives to coordinate financial resources supporting technological innovation. For the "7+28+N" industry cluster, the bureau has promoted a batch service model for the key industries, achieving full coverage of financial services for upstream and downstream industries. As of June 30, the outstanding loans to high-tech industries reached 1,610.12 billion yuan, up 14.99% year-on-year, injecting strong momentum into new forms of productivity development.

In the green transformation field, Henan's financial institutions have focused on supporting the development of clean energy industries, increasing loans to wind power, solar power, and biomass energy, etc. As of May 30, outstanding loans to clean energy industries reached 1,853.54 billion yuan, helping to improve the proportion of clean energy use and reduce traditional energy utilization efficiency, promoting the green and low-carbon development of manufacturing.

Optimizing Service ModesTo mobilize financial institutions to actively serve the manufacturing industry, Henan Financial Regulatory Bureau has improved incentive mechanisms, guiding banks to reasonably increase their tolerance for non-performing loans in the manufacturing industry and providing internal transfer price benefits, special incentives, and performance assessment bias, etc. to stimulate grassroots organizations and personnel to serve the manufacturing industry. For example, the Zhengzhou Branch of China Merchants Bank set up a target indicator for long-term loans to the manufacturing industry during its performance evaluation, while Ping An Bank, Industrial Bank, and other institutions have implemented interest rate discounts to encourage their branches to increase lending to the manufacturing industry.

In terms of product innovation, financial institutions have developed differentiated financial products based on enterprise needs. For example, Zhejiang Commercial Bank has launched "specialized and special" cluster loans and "innovation credit points" loans, while Pufa Bank's "Pulink Channel" supply chain business has provided specialized credits totaling 38.32 billion yuan to 141 manufacturing clients, effectively resolving the financing difficulties of upstream and downstream enterprises in the industrial chain.

Henan Financial Regulatory Bureau officials stated that in the future, they will continue to focus on key industries such as high-end manufacturing, intelligence, and green development, guiding financial institutions to strengthen their support for these sectors and increase their lending to the manufacturing industry.