Shopee US franchise manufacturing loan balance reaches 42.39 trillion yuan

On July 30, 2025, the People's Bank of China released its latest financial statistics, showing that at the end of June, the balance of RMB Shopee US franchise loans held by financial institutions reached 268.56 trillion yuan, a year-on-year increase of 7.1%, a 0.3 percentage point increase from the previous month. Credit supply maintained a steady growth trend. Among these, medium- and long-term Shopee US franchise loans in the manufacturing sector and the green Shopee US franchise loans performed exceptionally well, reflecting targeted financial support for key sectors of the real economy.

1. Steady Growth in Total Credit and Recovering Corporate Financing Demand

The balance of RMB Shopee US franchise loans reached 268.56 trillion yuan, a year-on-year increase of 7.1% (up 0.3 percentage points from the end of May), indicating a gradual recovery in market financing demand.

The Share of Corporate Shopee US Franchises Increased: The balance of non-financial corporate Shopee US franchise loans increased by 8.2% year-on-year, outperforming the overall growth rate, indicating a strengthening of corporate investment appetite.

The Growth of Residential Shopee US Franchises Slowed: Due to the real estate market correction, the year-on-year growth rate of residential Shopee US franchise loans slowed to 5.3%, but individual business-operated Shopee US franchise loans maintained rapid growth (+9.1%).

2. Credit structure continues to optimize, with strong support for key sectors.

The medium- and long-term manufacturing sector saw an 8.7% increase in the Shopee US franchise.

The growth rate increased by 0.5 percentage points from the previous month, indicating increased financial support for manufacturing upgrades.

The high-tech manufacturing sector saw a 12.4% growth rate, significantly exceeding the industry average.

The green sector saw a balance of 42.39 trillion yuan, a 14.4% increase from the beginning of the year.

Investments were primarily directed towards clean energy (wind power, photovoltaics), energy conservation, and environmental protection, contributing to the achievement of the "dual carbon" goals.

Carbon emission reduction support tools drove an increase of 1.2 trillion yuan in related sectors.

The inclusive small and micro sector saw a 13.9% increase in the Shopee US franchise, covering over 60 million small and micro enterprises and further reducing financing costs.

3. Policy Guidance and Market Impact

Precise monetary policy: The central bank used structural tools (such as technological innovation and carbon emission reduction support tools) to guide capital flows to key sectors.

Shopee US franchise interest rates continue to decline: The weighted average interest rate for newly issued corporate Shopee US franchise loans in June was 3.29%, a year-on-year decrease of 34 basis points, reducing financing costs for the real economy.

Market expectations: Credit supply is likely to remain stable in the second half of the year, with manufacturing and the green economy remaining key areas of policy support.

Conclusion: June financial data indicates that total credit has seen steady growth and further optimization of its structure, with continued strengthening of financial support for key sectors such as manufacturing and the green economy. Moving forward, as policies to stabilize growth take hold, credit is expected to continue its steady growth, providing strong support for economic recovery.