中信证券：6月信贷和社融增量或保持稳定

Core Viewpoint - CITIC Securities predicts that the credit and social financing growth in June will remain stable, with a focus on the overall credit expansion trends observed in May [1] Summary by Relevant Categories Credit Growth - The demand for loans may still exhibit cautious behavior, with an estimated increase in RMB loans around 600 billion yuan in June [1] - The overall credit expansion is expected to continue the apparent characteristics from the previous month [1] Social Financing - Government bonds are anticipated to be the main driver of social financing in June, with a projected social financing growth rate of approximately 8.7% for the month [1] Market Conditions - The funding environment is expected to maintain a neutral balance due to support from both supply and demand sides [1] - The implementation of previous monetary policies, combined with the demand for financial institutions at the end of the quarter, is likely to contribute to stable credit and social financing growth in June [1]