央行：6月末社会融资规模存量同比增8.9%

Core Viewpoint - The People's Bank of China (PBOC) has indicated that the monetary policy has effectively supported the real economy in the first half of the year, as evidenced by various financial data metrics [1] Financial Data Summary - As of the end of June, the total social financing stock increased by 8.9% year-on-year [1] - M2 money supply grew by 8.3% year-on-year [1] - Renminbi loans rose by 7.1% year-on-year [1] - Adjusting for the replacement of local special bonds with local financing platform loans, the comparable year-on-year loan growth rate would be even higher [1]