Group 1 - The People's Bank of China reported that as of the end of April 2025, the RMB loan balance reached 265.7 trillion yuan, with a year-on-year growth of 7.2% [1] - The broad money supply (M2) stood at 325.17 trillion yuan, showing an 8% year-on-year increase [1] - The total social financing stock was 424.0 trillion yuan at the end of April, reflecting an 8.7% year-on-year growth [1] Group 2 - In the first four months of 2025, RMB loans increased by 1.006 trillion yuan, with April alone contributing an additional 280 billion yuan [2] - The credit data for April was influenced by multiple factors, including a traditional low month for credit and rising uncertainties affecting market expectations and export growth [2] - The issuance of special refinancing bonds for local government debt has impacted the credit growth statistics, but the actual support for the economy remains strong [3] Group 3 - The acceleration of government bond issuance has significantly supported the social financing scale, with net financing exceeding 500 billion yuan in the first four months of 2025 [4] - In April, the net financing from government bonds was approximately 970 billion yuan, contributing to a 0.3 percentage point increase in social financing growth [4] Group 4 - The M2 growth rate increased due to a low base effect from the previous year, rising by 1 percentage point compared to the end of March [5] - The reduction in deposits in April was about 870 billion yuan, which had a positive impact on M2 growth by approximately 1 percentage point [5] - The narrow money supply (M1) balance was 109.14 trillion yuan, with a year-on-year growth of 1.5%, showing a slight decline from the previous month [5][6]
今年前4个月新增人民币贷款超10万亿元 未来一段时期金融总量有望保持合理增长
Zheng Quan Ri Bao·2025-05-14 16:13