Finance is the lifeblood of the national economy, shouldering the important mission and responsibility of promoting high-quality economic development. In the first half of this year, the stock of social financing in China exceeded 43 trillion yuan, the balance of broad money (M2) exceeded 330 trillion yuan, and nearly 13 trillion yuan of new loans were added... creating a favorable monetary and financial environment for the economic recovery and improvement. What areas will the new loans flow to? What new trends in economic development are reflected? Recently, reporters went deep into corporate factories and financial institutions to investigate how finance can better serve the real economy. Intensify support for the "Five Great Articles" field and enter the production workshop of Fujian Nanping Yuanli Activated Carbon Co., Ltd. The bamboo scraps and other "waste materials" generated from bamboo processing are further processed into wooden particle activated carbon products worth nearly 10000 yuan per ton. Our independently developed technology has turned agricultural and forestry waste into high value-added activated carbon, and has also increased the comprehensive utilization rate of thermal energy by 30% through the use of the circular industry chain. ”The chairman of the company, Xu Wenxian, introduced that with the support of more than 70 million yuan of green credit provided by China Construction Bank, the company is accelerating the localization process of high-end products and striving to become a leader in the new materials industry. This is a vivid epitome of financial support for high-quality development. Currently, the financial sector is focusing on five major areas: technology finance, green finance, inclusive finance, pension finance, and digital finance, in order to provide higher quality and more efficient financial services for economic and social development. In Huzhou, Zhejiang, with the support of a 250 million yuan green loan from Agricultural Bank of China, Zhejiang Hongchang Aluminum Industry Co., Ltd. is accelerating the construction of its fully automated aluminum production line; In Jingdezhen, Jiangxi Province, with the assistance of a 4 million yuan inclusive loan from Industrial and Commercial Bank of China, new products developed by Jingdezhen Beihanmei Ceramics Co., Ltd. have been sold throughout the country; In Nanchong, Sichuan Province, with the assistance of a 17 million yuan inclusive loan from Bank of China, Sichuan Nanchong Silkworm Research Co., Ltd. has newly purchased a batch of production equipment for transformation and development... Financial vitality has further stimulated the vitality and innovation of the enterprise. In March of this year, the General Office of the State Council issued the "Guiding Opinions on Doing a Good Job in the Five Major Articles of Finance" to the public, and various financial institutions actively responded. As of the end of May, the loan balance of the "Five Major Articles" in finance was 10.33 trillion yuan, a year-on-year increase of 14%. We optimize the structure of capital supply and comprehensively increase financial support for the 'Five Major Articles' field. In the first half of this year, China Construction Bank added over 700 billion yuan in technology finance loans, providing precise services to science and technology innovation entities. ”Han Jing, the relevant person in charge of the Corporate Department of China Construction Bank, said. Since the beginning of this year, China has implemented a moderately loose monetary policy and strengthened countercyclical regulation. In May, a package of financial support measures will be launched to further enhance the adaptability and precision of financial services to economic structural adjustment and high-quality economic development. Structural policy tools have achieved full coverage of various fields in the "Five Great Articles" of finance. Yan Xiandong, Director of the Investigation and Statistics Department of the People's Bank of China, said that since this year, loans in the financial "five major articles" field have shown the characteristics of "total growth and expanded coverage". At the end of May, loans in the fields of technology, green, inclusive, elderly care, and digital increased by 12%, 27.4%, 11.2%, 38%, and 9.5% year-on-year, respectively, all higher than the growth rate of various loans during the same period. Keeping a close eye on economic transformation and upgrading, continuously optimizing the financing structure. In the intelligent factory of Luozhou Group, bearings that have moved from automated production lines will enter the fields of aerospace, engineering machinery, wind power generation, etc., helping major national heavy machinery to "go from heaven to earth". ICBC and China Development Bank promptly provided a 10-year loan of 800 million yuan, helping us solve our funding difficulties and promoting the rapid construction of smart factories. ”Chen Yuan, the Minister of Finance of Luozhou Group, introduced that this year ICBC has invested 127 million yuan in equipment renewal loans for Luozhou Group and its subsidiaries to help the company introduce intelligent equipment. The reporter learned from multiple banks that since the beginning of this year, credit investment in key areas such as advanced manufacturing, technological innovation, and private economy has grown rapidly, helping traditional enterprises break free from the cocoon and rejuvenate. From a set of data, we can see that as of the end of June, the balance of ICBC's technology loans was nearly 6 trillion yuan; The credit coverage rate of Bank of China's national and provincial specialized, refined, and new enterprises is 30.93%; The balance of Agricultural Bank of China's manufacturing loans increased by 17.1% year-on-year; The balance of private economy loans of China Construction Bank has increased by nearly 600 billion yuan compared to the beginning of the year... The precise drip irrigation of financial vitality continues to empower traditional enterprises for transformation and upgrading, as well as emerging technology industries. In mid May, the 500 million yuan technology innovation bond of New Hope Group, underwritten by Postal Savings Bank of China, landed in Sichuan with an issuance interest rate of 2.1%. We will increase research and development investment to promote industrial upgrading, "said the financial director of New Hope Group. In May of this year, the bond market launched the "Technology Board", and as of the end of June, 288 entities had issued technology innovation bonds worth approximately 600 billion yuan. Cao Yuanyuan, Deputy Director of the Financial Market Department of the People's Bank of China, said that this innovative measure not only promoted the cultivation and development of emerging and future industries, but also provided strong support for traditional industries to use new technological achievements. A series of financial policies have been implemented with precision to better meet the needs of technological innovation, including the moderate relaxation of loan policies for mergers and acquisitions of technology enterprises, the establishment of a bond market "technology board", and the expansion of pilot projects for equity investment of financial asset investment companies. Wang Xiangnan, a researcher at the Institute of Finance of the Chinese Academy of Social Sciences, stated that guiding financial resources to flow towards key areas such as high-tech is an important support for cultivating and developing new quality productive forces. The implementation and effectiveness of policies related to technology finance will promote the formation of a virtuous cycle of "technology driven, financial empowerment, and industrial development". Concentrate efforts to promote consumption, expand domestic demand, and activate economic development potential. In Ximen Old Street, Yiwu, Zhejiang, workers are working in an orderly manner, and the historical and cultural development project of Ximen Old Street is progressing vigorously. The total investment of this project is 3.12 billion yuan. With the support of the service consumption and pension refinancing policies, we provided a loan of 729 million yuan at a lower interest rate for the project, and released the potential of cultural and tourism consumption through financial assistance. ”He Qiang, General Manager of the Corporate Finance Department of Everbright Bank Hangzhou Branch, said. Service consumption and pension refinancing policies are among the many financial policies that promote consumption. Since this year, six departments including the People's Bank of China have issued the Guiding Opinions on Financial Support to Boost and Expand Consumption, and launched 19 key measures; Multiple banks have launched action plans around expanding commodity consumption, developing service consumption, and cultivating new types of consumption... The financial system is working together to inject more momentum into activating the consumer market. The current Chinese consumer market has enormous growth potential, and financial services closely follow the trend of diversified consumption scenarios, which helps to unleash the huge demand space contained in China's super large market size. ”Cheng Chengshi, Chief Economist of ICBC International. Stable and precise financial support is a powerful support for promoting consumption and expanding domestic demand. In the first half of the year, the People's Bank of China launched a number of policy measures to strengthen support for key areas of domestic demand expansion. Data shows that at the end of June, the balance of medium and long-term loans in the manufacturing and infrastructure industries increased by 8.7% and 7.4% respectively year-on-year, becoming key areas for new loan investment. The weighted average interest rate for newly issued inclusive small and micro enterprise loans in May decreased by 0.66 percentage points compared to the same period last year. In the second half of the year, financial services for the real economy still need to maintain stable overall support, allowing credit resources to be accurately directed towards key areas and weak links in the economy, and consolidating the high-quality development of the Chinese economy. The People's Bank of China recently said that in the next stage, it will grasp the strength and pace of policy implementation, better promote the expansion of domestic demand, stabilize social expectations, and stimulate market vitality. The State Administration of Financial Supervision and Administration also recently proposed to strengthen effective investment and financing guarantees to better support the development of new quality productive forces. Stability has support, and progress has motivation. Under the continuous nourishment of financial vitality, the high-quality development of the Chinese economy has become more solid and powerful. (New Society)