Taizhou's financial sector sees robust growth in first half of 2025

Taizhou's financial sector delivered strong results in the first half of 2025, according to official statistics.

As of the end of June, the city's social financing had reached 1.59 trillion yuan ($221.23 billion), up 8 percent year-on-year. Total loan balances stood at 1.28 trillion yuan, a 12.2 percent increase, while deposit balances hit 1.32 trillion yuan, rising 10.0 percent.

Key indicators showed notable growth and a more optimized financing structure, injecting strong momentum into the development of the real economy.

Direct financing continued its upward trend, with bond financing posting standout performance. In the first half, total bond financing rose by 6.44 billion yuan, 10.04 billion yuan more than the same period last year. The credit bond issuance reached 66.75 billion yuan, up 8.65 billion yuan year-on-year.

The securities market was particularly active, with issuance totaling 25.4 billion yuan — 13.64 billion yuan more than last year. Equity financing also made progress, increasing by 520 million yuan, mainly driven by funds raised from the successful IPO of Haiyang Technology.

On the indirect financing front, bank credit maintained its role as the ballast of financial stability, continuing to grow steadily. In the first half, total domestic and foreign currency loans in the city increased by 123.68 billion yuan, 7.88 billion yuan more than last year. This was the second highest increase in the past five years, surpassed only by the record increase in 2023.

This strong financial performance underscores Taizhou's improving financing structure, vibrant capital markets, and solid banking sector support — key drivers for sustaining its economic growth trajectory.