超16万亿元新增贷款，投向了哪里？

Core Viewpoint - The financial data for the first ten months of the year indicates a stable credit environment, with significant support for the real economy through optimized credit structures and increased loan issuance [1][2]. Group 1: Loan Growth and Structure - In the first ten months, over 16 trillion yuan in new loans were issued, with corporate loans, especially medium to long-term loans, being the main contributors, totaling 13.59 trillion yuan [2]. - Medium to long-term loans accounted for over 70% of the new corporate loans, with 9.83 trillion yuan added [2]. - Household loans increased by 2.1 trillion yuan, with personal housing loans stabilizing in October, showing improvement compared to the previous months [2]. Group 2: Financial Indicators - As of the end of October, the balance of broad money (M2) grew by 7.5% year-on-year, indicating a recovery in economic conditions [3]. - The balance of narrow money (M1) also showed a rebound, with the gap between M2 and M1 narrowing [3]. - The average interest rate for newly issued corporate loans was approximately 3.5%, while personal housing loan rates were around 3.15%, both at historical lows [3]. Group 3: Policy Impact and Future Outlook - Recent financial policies have positively influenced market expectations, with increased risk appetite among investors [3]. - The People's Bank of China plans to maintain a supportive monetary policy stance to foster stable economic growth and high-quality development [3].