As continuous improvement has been made to the financial sector’s capability in serving the real economy, funds injected by the banking and insurance sector into businesses grew rapidly, and, in particular, loans issued to manufacturing and high-tech industries and private enterprises 3/4  BIS central bankers' speeches  rebounded significantly, relieving the difficulties that SMBs face in accessing affordable financing.
By end-May, inclusive financial loans issued by the five major banks to SMBs grew 23.7% compared to the end of last year, fulfilling the majority of their full-year plan. The average interest rate was 4.79%, reporting a decline of 0.65 percentage point compared to the full year rate for last year.