[Deputy Governor of the Central Bank Zou Lan: Along with the transformation and upgrading of the economic structure, China's financing structure has undergone long-term trend changes] November 3, this morning, Deputy Governor of the Central Bank Zou Lan said at the Hong Kong International Financial Leaders Investment Summit that with the transformation and upgrading of China's economic structure, the asset form of enterprises has shifted from land and factories in the past to technology, brand and human capital, and financing needs have become more sober and diversified. China's financing structure has undergone long-term trend changes, and the proportion of direct financing has steadily increased. In 2025, the combined proportion of bonds and stocks in the increase in social financing will exceed loans for the first time, and further increased to 49.5% in the first nine months of this year. The loan investment structure has also shifted from focusing on real estate and infrastructure to high-quality development fields such as technology and green. (Reporter Guo Zishuo) (Reporter Guo Zishuo)