China News Service, October 28. According to the WeChat public account of the People's Bank of China, statistics from the People's Bank of China showed that at the end of the third quarter of 2026, the balance of RMB loans of financial institutions was 283.44 trillion yuan, a year-on-year increase of 4.8%. In the first three quarters, RMB loans increased by 11.52 trillion yuan.
1. Loans to enterprises and institutions grew steadily
At the end of the third quarter of 2026, the balance of domestic and foreign currency loans to enterprises and institutions was 198.95 trillion yuan, a year-on-year increase of 8.0%. The growth rate was 3.3 percentage points higher than that of various loans, with an increase of 12.74 trillion yuan in the first three quarters.
In terms of terms, the balance of short-term loans and bill financing was 70.19 trillion yuan, a year-on-year increase of 11.8%, and an increase of 6.04 trillion yuan in the first three quarters. The balance of medium and long-term loans was 124.93 trillion yuan, a year-on-year increase of 6.0%, and an increase of 6.53 trillion yuan in the first three quarters.
In terms of purpose, the balance of fixed asset loans was 79.40 trillion yuan, a year-on-year increase of 2.4%, and an increase of 2.12 trillion yuan in the first three quarters. The balance of operating loans was 84.07 trillion yuan, a year-on-year increase of 11.2%, and an increase of 7.96 trillion yuan in the first three quarters.
2. The overall steady growth of industrial medium and long-term loans
At the end of the third quarter of 2026, the balance of industrial medium- and long-term loans in local and foreign currencies was 28.06 trillion yuan, a year-on-year increase of 5.6%. The growth rate was 0.9 percentage points higher than that of various loans, with an increase of 1.46 trillion yuan in the first three quarters. Among them, the balance of medium and long-term loans for heavy industry was 23.63 trillion yuan, a year-on-year increase of 4.6%; the balance of medium- and long-term loans for light industry was 4.43 trillion yuan, a year-on-year increase of 11.0%.
At the end of the third quarter of 2026, the balance of medium and long-term loans in the domestic and foreign currency service industry was 76.84 trillion yuan, a year-on-year increase of 6.2%. The growth rate was 1.5 percentage points higher than that of various loans, with an increase of 3.95 trillion yuan in the first three quarters. The balance of medium- and long-term loans in the service industry, excluding the real estate industry, increased by 9.2% year-on-year; the balance of medium- and long-term loans in the real estate industry decreased by 5.6% year-on-year.
At the end of the third quarter of 2026, the balance of medium and long-term loans in local and foreign currency infrastructure-related industries was 45.36 trillion yuan, a year-on-year increase of 4.3%, and an increase of 1.69 trillion yuan in the first three quarters.
3. Inclusive small and micro loans maintain growth
At the end of the third quarter of 2026, the balance of RMB inclusive small and micro loans1 was 38.50 trillion yuan, a year-on-year increase of 6.7%. The growth rate was 1.9 percentage points higher than that of various loans, with an increase of 1.93 trillion yuan in the first three quarters. The balance of operating loans for rural households with a credit limit of less than 5 million yuan per household was 10.17 trillion yuan, an increase of 360.5 billion yuan in the first three quarters. The balance of student loans was 440.4 billion yuan, a year-on-year increase of 49.6%.
4. Green loan growth is relatively stable
At the end of the third quarter of 2026, the balance of domestic and foreign currency green loans was 49.22 trillion yuan, a year-on-year increase of 13.0%, and an increase of 4.41 trillion yuan in the first three quarters.
In terms of purpose, the balances of infrastructure green upgrade loans, energy green and low-carbon transformation loans, and ecological protection, restoration and utilization loans were 22.12 trillion yuan, 8.73 trillion yuan, and 5.43 trillion yuan respectively. In terms of industries, the balance of green loans in the transportation, warehousing and postal industries was 9.33 trillion yuan, an increase of 1.02 trillion yuan in the first three quarters; the balance of green loans in the electricity, heat, gas and water production and supply industries was 9.17 trillion yuan, an increase of 221.9 billion yuan in the first three quarters.
5. Agricultural-related loans grew steadily
At the end of the third quarter of 2026, the balance of agricultural-related loans 2 in local and foreign currencies was 54.29 trillion yuan, a year-on-year increase of 5.6%. The growth rate was 0.9 percentage points higher than that of various loans, with an increase of 2.78 trillion yuan in the first three quarters.
At the end of the third quarter of 2026, the rural loan balance was 41.04 trillion yuan, a year-on-year increase of 5.4%, and an increase of 2.12 trillion yuan in the first three quarters; the rural loan balance was 18.70 trillion yuan, a year-on-year increase of 0.8%, an increase of 296.5 billion yuan in the first three quarters; the agricultural loan balance was 7.58 trillion yuan, a year-on-year increase of 9.0%, and an increase of 692.5 billion yuan in the first three quarters.
6. Real estate loans have slowed down
At the end of the third quarter of 2026, the balance of RMB real estate loans was 50.08 trillion yuan, a year-on-year decrease of 5.2%, and a decrease of 1.90 trillion yuan in the first three quarters.
At the end of the third quarter of 2026, the balance of real estate development loans was 12.37 trillion yuan, a year-on-year decrease of 9.1%, and a decrease of 817.9 billion yuan in the first three quarters. The balance of personal housing loans was 35.91 trillion yuan, a year-on-year decrease of 4.1%, and a decrease of 1.10 trillion yuan in the first three quarters.
7. Loans to support technological innovation enterprises3 remain stable
At the end of the third quarter of 2026, 307,300 technology-based small and medium-sized enterprises had received loan support, and the loan approval rate4 was 51.1%, 0.9 percentage points higher than the end of the previous year. The balance of loans to technology-based small and medium-sized enterprises in local and foreign currencies was 4.27 trillion yuan, a year-on-year increase of 20.1%, and the growth rate was 15.4 percentage points higher than that of various loans.
At the end of the third quarter of 2026, 292,700 high-tech enterprises had received loan support, with a loan approval rate of 58.2%, 0.9 percentage points higher than the end of the previous year. The balance of high-tech enterprise loans in local and foreign currencies was 22.09 trillion yuan, a year-on-year increase of 17.2%, and the growth rate was 12.5 percentage points higher than that of various loans.
8. Household operating loans increased slightly year-on-year
At the end of the third quarter of 2026, the balance of household loans in local and foreign currencies was 82.25 trillion yuan, a year-on-year decrease of 2.0%, and a decrease of 1.03 trillion yuan in the first three quarters. Among them, the balance of operating loans was 25.64 trillion yuan, a year-on-year increase of 1.7%, and an increase of 538.3 billion yuan in the first three quarters. The balance of consumer loans excluding personal housing loans was 20.69 trillion yuan, a year-on-year decrease of 2.8%, and a decrease of 473.6 billion yuan in the first three quarters.
