Tibet's financial operation has "increased volume and stabilized prices" and "financial living water" has nourished people's livelihood on the plateau.

China News Service, Lhasa, November 10 (Reporter Jiang Feibo) The Tibet Autonomous Region Branch of the People's Bank of China held a press conference on the 9th to introduce that as of the end of September 2026, the balance of loans in domestic and foreign currencies in Tibet was 797.58 billion yuan, a year-on-year increase of 17.5%, and the growth rate continues to rank among the top in the country; the weighted average interest rate of new general commercial loans is 1.26%, the lowest in the country. "Financial living water" is continuously and accurately delivered to every county, town, village, farmer and herdsman on the plateau.

While the total amount of financing is expanding steadily, the credit structure is tilted towards people's livelihood and weak areas. At the end of September, the balance of inclusive loans in Tibet was 102.2 billion yuan, a year-on-year increase of 17.8%, of which inclusive small and micro enterprise loans were 66.09 billion yuan, an increase of 19.8%; the growth rates of technology and green loans both exceeded 22%. In counties, the Tibet Autonomous Region Branch of the Agricultural Bank of China relies on 527 outlets and 5,516 service points to allow farmers and herdsmen to apply for loans by "swiping their faces". The average loan per household has reached 142,700 yuan, with a loan coverage rate of over 90%. The "Yak Industry Loan" and "Highland Barley Industry Loan" embed credit into daily production on the plateau.

The picture shows on October 11, Suolang Quzong, a villager in Jieba Village, Tsogao Township, Gongbujiangda County, Linzhi City, Tibet Autonomous Region, tidying up the guest rooms in the inn run by his family. It is reported that its newly built inn borrowed 900,000 yuan from the bank to solve the problem of raising funds. Photo by Jiang Feibo

Enterprises are also feeling the goodwill of "transparency". Tibet implements "loan clear paper" to uniformly convert interest rates, guarantee fees, and appraisal fees into comprehensive financing costs. During the visit, China Construction Bank Tibet Autonomous Region Branch reconstructed a financing plan for a small and micro entity, waiving guarantee and assessment registration fees, and saving more than 20,000 yuan.

At the foreign-related level, from January to September this year, the total cross-border RMB receipts and payments in the region were 2.42 billion yuan, a year-on-year increase of 3.5 times; the settlement volume of "collections going overseas" increased by 7 times year-on-year, and cross-border RMB receipts and payments to Nepal increased by 81.8%. Port outlets of Bank of China and Agricultural Bank of China handled US$20.8299 million in foreign currency cash settlement for Indian pilgrims. The trade balance facilitation pilot program covered 4 banks and 19 companies.

The Tibet Autonomous Region Branch of the People's Bank of China said that in the next step, it will continue to accurately inject monetary policy tools to private enterprises, small businesses and county areas to maintain a low interest rate, wide coverage and predictable financial environment for the start of Tibet's "15th Five-Year Plan". (over)