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Guangdong: The deposit and loan balances at the end of the first quarter each exceeded 40 trillion yuan and 30 trillion yuan, respectively.
Golden Finance reports that on April 23, the Information Office of the Guangdong Provincial People’s Government held a press conference on the financial operation situation of Guangdong Province for the first quarter of 2026. Zhang Shuangchang, Deputy Governor of the Guangdong Branch of the People’s Bank of China, stated that since the beginning of this year, Guangdong’s social financing scale has steadily expanded, with deposit and loan balances exceeding 40 trillion yuan and 30 trillion yuan respectively, and the growth of the total financial volume basically matching the needs of economic development.
From specific data, at the end of the first quarter, Guangdong’s social financing scale stock increased by 6.9% year-on-year; in the first quarter, the social financing scale increased by 1.1 trillion yuan.
At the end of the first quarter, the balance of local and foreign currency loans in Guangdong was 30.7 trillion yuan, a year-on-year increase of 4.8%.
Deposit balances reached 40.2 trillion yuan, a year-on-year increase of 7.7%.
(Dongxin News Agency)