China's listed banks support science and technology sectors... semi-annual reports released - Chinese media

At the end of August, the semi-annual reports of China's listed banks were all released. A summary of the performance of the 42 listed banks shows that they have achieved stable development in the first half of the year and have steadily increased their support for the real economy.
According to the semi-annual report, the operating income of 42 A-share listed banks in the first half of the year exceeded 2.9 trillion former (approximately 60.2 trillion yen), an increase of more than 1% compared to the same period last year.
Net profit attributable to owners of the parent rose 0.8% to 1.1 trillion yen (approximately 22.8 trillion yen). Of these, the first-half net profits of the Industrial and Commercial Bank of China, the Construction Bank of China, the Agricultural Bank of China, and the Bank of China all reached 100 billion yen.
The non-performing loan ratios of the six major commercial banks remained low, exceeding 20 billion yen (approximately 2 trillion yen). A representative of the Bank of China stated, "We are fully committed to supporting the high-quality development of the real economy." At the end of June
In terms of loans, loans to the manufacturing industry increased by 12.99% compared to the end of the previous year, and loans to strategic emerging industries increased by 22.92%. In addition, loans for "replacement of consumer goods" increased nearly three times compared to the full year of the previous year.
Since the beginning of this year, the science and technology sector, which is related to "new quality productivity," has become a focus of investment for many banks. As of the end of June, the outstanding loan balance for science and technology from Industrial and Commercial Bank of China was 6
The outstanding balance of loans to science and technology from the Construction Bank was 5.15 trillion former (approximately 106.9 trillion yen), an increase of more than 1 trillion former (approximately 20.8 trillion yen) since the beginning of the year.
The Agricultural Bank's science and technology loan balance was 4.7 trillion former (approximately 97.5 trillion yen), an increase of more than 800 billion former (approximately 16.6 trillion yen) in the first half of the year.
The growth rate exceeded 20%.