The PBOC Credit Market Department deputy director Che Shiyi said at an NDRC
briefing that as of end-Q2 outstanding domestic- and foreign-currency
medium-to-long-term loans to the services sector totaled 76.22 trillion yuan, up
6.4% YoY and 1.3ppt faster than overall loan growth. He said the PBOC and other
agencies have issued measures to expand financing for new service formats and
improve financial products to support higher-quality service supply.
