Financial result released by China's five major banks on Sunday showed that they have collectively issued 8.83 trillion yuan ($1.23 trillion) in new loans during the first three quarters of the year, a year-on-year increase of 33.7 percent.

The state-owned banks pledged to accelerate credit issuance and efficiently support the stability and long-term development of the real economy.

Chinese regulators have called on state-owned banks to further increase medium- and long-term loans to the manufacturing industry to boost the country's economic growth.

China's five largest banks are Bank of China (BOC), Industrial and Commercial Bank of China (ICBC), Agricultural Bank of China (ABC), Bank of Communications and China Construction Bank (CCB). As of the end of September this year, ICBC, ABC, CCB have each issued more than 2 trillion yuan in loans.

Judging from the credit flows of the five banks in the first nine months, key sectors such as manufacturing, green finance, and inclusive finance were among the most attractive destinations for loans.

ICBC pointed out that the balance of manufacturing loans increased by more than 810 billion yuan, or 37.5 percent, compared with end-2021, whereas green loans jumped by about 950 billion yuan, or 34 percent.

CCB said that from January to September, balance of loans to the manufacturing industry hit 2.2 trillion yuan, a surge of 540 billion yuan or 32 percent over the end of 2021. These loans serve the economic transformation and the high-quality development of the industry, said CCB.

ABC, which emphasizes on the country's rural vitalization targets, issued more than 900 billion yuan in new loans to Chinese counties in the first three quarters.

As for BOC, green financing grew by about 36 percent while inclusive loans climbed some 35 percent.

Bank of Communications said that in the first nine months of this year, the bank's domestic yuan loans grew by 10.63 percent compared with the end of 2021.