Central Bank of the Republic of China reports CNY 18.09tn increase in 2024 RMB loans with green credit up 21.7%

The Central Bank of the Republic of China published end-2024 fourth-quarter credit statistics showing financial institutions’ RMB loans outstanding at CNY 255.68tn, up 7.6% year on year, with CNY 18.09tn added over 2024. The release highlights faster growth in green lending and inclusive finance lending than in overall credit. Loans to enterprises and institutions (domestic and foreign currency) reached CNY 171.01tn (+8.9%), including CNY 109.72tn in medium-to-long-term loans (+10.0%) and CNY 72.49tn in fixed-asset loans (+10.0%). Medium-to-long-term lending to industry grew 12.6% to CNY 24.58tn, while services and infrastructure-related medium-to-long-term loans grew 8.2% (CNY 67.59tn) and 8.9% (CNY 40.92tn), respectively. RMB inclusive small and micro loans rose 14.6% to CNY 32.93tn, and green loans (domestic and foreign currency) rose 21.7% to CNY 36.6tn, with loans to projects with direct and indirect carbon-reduction benefits totalling CNY 24.69tn (67.5% of green loans). Real estate developer loans grew 3.2% to CNY 13.56tn, while individual mortgages fell 1.3% to CNY 37.68tn; total RMB real estate loans fell 0.2% to CNY 52.8tn. The release also reports CNY 3.27tn (+21.2%) in loans to technology-based small and medium-sized enterprises and CNY 82.84tn (+3.4%) in household loans. The report notes statistical scope changes, including an adjusted definition of inclusive small and micro loans from October 2024 (single-borrower credit under CNY 10m) and an adjusted rural-area statistical perimeter from June 2024; figures in the release are presented on a comparable basis.