It was learned from Chenzhou People’s Bank of China that new loan of Chenzhou city hit 4.8 billion yuan in first quarter, up 41.56%, ranking the fifth place of Hunan province.

From the beginning of 2013, more efforts were tried by Chenzhou People’s Bank of China on the propaganda of the expansion of credit policy and guidance of Chenzhou financial institutions to implement the prudent monetary policy. Followed by the spirit of economy working conference of Chenzhou Municipal Party Committee, more financial supports were leaned to south Hunan undertaking industrial transfer demonstration construction, key projects under construction, special industries, middle-sized and small enterprises, “three rural issues” and individual consumption loan of urban & rural residents, etc.. Meanwhile, 320 million yuan reloan was issued to support the development of agriculture.

Till the end of March, the loan balance of Chenzhou financial institutions was amounted to 61.62 billion yuan, among which was 35.066 billion yuan medium and long term loan balance with an increase of 2,194 billion yuan compared with the beginning of 2013, and 26.156 billion yuan short term loan balance with an increase of 2.679 billion yuan.