On the 23rd, Zhang Shuangchang, Vice President of the Guangdong Branch of the People's Bank of China, stated in Guangzhou that as of the end of the first quarter of this year, Guangdong Province has cumulatively provided 64.5 billion yuan (RMB) in re loans to private enterprises, ranking among the top in China in terms of investment volume and achieving full coverage in 21 cities within the province. At the beginning of this year, the head office of the People's Bank of China launched a package of incremental policies, including refinancing for private enterprises, optimizing agricultural and small scale refinancing, and rediscounting. At a press conference held by the Guangdong Provincial Government Information Office on the same day, Zhang Shuangchang stated that at the end of the first quarter, the balance of loans for private small and micro enterprises in Guangdong increased by 10.3% year-on-year, and the financial support for private enterprises continued to increase, with sustained effectiveness. The Guangdong Branch of the People's Bank of China has empowered through technology to promote the comprehensive online transaction of agricultural and small-scale refinancing loans in Guangdong Province. As of the end of the first quarter, the balance of agricultural and small loans in Guangdong (excluding Shenzhen) exceeded 130 billion yuan, an increase of 14.5 billion yuan year-on-year, driving local corporate financial institutions to issue more than 280 billion yuan in agricultural and small loans. These funds are actually flowing into the fields and small and micro enterprises. The branch continues to promote the expansion and improvement of the pilot program for high-level opening up of cross-border trade, with 1505 new pilot enterprises added in Guangdong (excluding Shenzhen) in the first quarter, a significant year-on-year increase. Among them, private enterprises account for 84.3%, while "specialized, refined, unique, and new" enterprises account for 15.1%. The dividends of facilitation policies have precisely fallen on the most dynamic market entities. At the end of the first quarter, the balance of domestic and foreign currency loans in Guangdong was 30.7 trillion yuan, a year-on-year increase of 4.8%; The deposit balance was 40.2 trillion yuan, a year-on-year increase of 7.7%. Among them, the balance of current deposits increased by 8.1% year-on-year, faster than the growth rate of various deposits. Zhang Shuangchang believes that the "activation" of deposits indicates that various policies supporting economic development in the early stage are continuing to play a role, effectively promoting consumption and investment, stimulating economic vitality, and making funds "mobilized". (New Society)