Terms in the field of economics
Long term loans are credits with a loan term of more than five years. Bank loans are divided into long-term credit and short-term credit according to the length of the loan term. The specific division methods are different in different countries and different periods of the same country. Generally, the term is: long-term credit for more than five years, medium-term credit for more than one year to less than five years (including five years), and short-term credit for one year and less than one year. [1]
In 2023, the balance of medium and long-term loans for the manufacturing industry will be 12.2 trillion yuan, an increase of 3.1 trillion yuan. Among them, domestic medium and long-term loans amounted to 159196.5 billion yuan, up 11.3% from the end of the previous year. [2]
- Chinese name
- Long term loan
- Category
- loan
The length of the loan term is a factor determining the interest rate. Generally, the longer the loan term, the higher the interest rate. Medium and long-term loans are generally used for investment in national assets such as equipment loans, while short-term loans are used for working capital turnover. capitalist country There are special financial institutions operating medium and long-term credit in the financial system. With the rapid development of science and technology, enterprises Device update On the other hand, the competition in the banking industry is intensifying and the banking business is diversified. Therefore, commercial banks are also carrying out medium and long-term loan business. On February 29, 2024, the National Bureau of Statistics issued the Statistical Bulletin of the People's Republic of China on National Economic and Social Development in 2023. According to the preliminary statistics, the balance of medium and long-term loans in the manufacturing industry in 2023 will be 12.2 trillion yuan, an increase of 3.1 trillion yuan. Among them, domestic medium and long-term loans amounted to 159196.5 billion yuan, up 11.3% from the end of the previous year. [2]
