Since the beginning of this year, Huai'an City has made great efforts in financial work, targeting key areas and weak links to continuously improve the quality and efficiency of serving the real economy.

Huai'an has continued to strengthen financial support for new-type industrialization by establishing a liaison mechanism for major provincial and municipal projects. This effort has facilitated a total of RMB 55.24 billion in financing for major industrial projects, including RMB 48.798 billion specifically for industrial projects. The balance of manufacturing loans grew by 16.3% year-on-year. Additionally, financial institutions extended credit totaling RMB 10.089 billion and disbursed RMB 4.184 billion to support 19 technical transformation and equipment upgrade projects, which also received RMB 922 million in refinancing support.

The city has continued to enhance financing support for technology-based enterprises. As of the end of May, a total of 2,883 tech firms across the city had received loans amounting to RMB 112.04 billion, marking year-on-year increases of 16.6% and 26.2%, respectively. The loan growth rate for tech firms exceeded the overall average loan growth by 14.65 percentage points. Additionally, 27 sci-tech innovation and technical transformation enterprises were granted credit lines totaling RMB 1.194 billion, with RMB 279 million disbursed and RMB 90 million supported through refinancing.

Huai'an has cultivated fertile ground for inclusive finance. The balance of inclusive loans to small and micro enterprises increased by 16.1% year-on-year, 3.8 percentage points higher than the overall loan growth rate. The weighted average interest rate for small and micro enterprise loans stood at 3.91%, down 35.04 basis points from the same period last year. Credit products such as "Huai'an Quality Loan" and "Innovation Credit Loan" have been incorporated into the city-level inclusive finance loan risk compensation fund, providing an additional RMB 1.084 billion in credit support this year and bringing the total to RMB 2.15 billion. A total of RMB 20.593 billion in loan renewals without being required to repay the principal by the due date has been issued, up 63.4% year-on-year, helping real economy enterprises save RMB 432 million in bridge financing costs.