前4月新增社融16.34万亿元 4月末M2同比增长8%

Core Insights - The total social financing increment for the first four months of 2025 reached 16.34 trillion yuan, an increase of 3.61 trillion yuan compared to the same period last year [1] - The balance of social financing stock at the end of April 2025 was 424.0 trillion yuan, reflecting a year-on-year growth of 8.7% [2] - The broad money supply (M2) stood at 325.17 trillion yuan at the end of April, with an annual growth rate of 8% [4] Group 1: Social Financing Increment - The increment in RMB loans to the real economy was 9.78 trillion yuan, an increase of 339.7 billion yuan year-on-year [1] - Foreign currency loans to the real economy decreased by 1.098 trillion yuan, a year-on-year decline of 231.1 billion yuan [1] - Net financing through corporate bonds was 759.1 billion yuan, a decrease of 409.5 billion yuan compared to the previous year [1] Group 2: Social Financing Stock - The balance of RMB loans to the real economy was 262.27 trillion yuan, with a year-on-year growth of 7.1% [2] - The balance of foreign currency loans was 1.18 trillion yuan, showing a significant year-on-year decline of 33.9% [2] - The balance of government bonds reached 85.93 trillion yuan, reflecting a robust year-on-year growth of 20.9% [2] Group 3: Monetary Statistics - The narrow money supply (M1) was 109.14 trillion yuan, with a year-on-year increase of 1.5% [5] - The total amount of cash injected into the economy in the first four months was 319.3 billion yuan [5] - The total balance of deposits in RMB was 314.78 trillion yuan, with an annual growth of 8% [8] Group 4: Loan and Deposit Trends - The total increase in RMB loans for the first four months was 10.06 trillion yuan [6] - The balance of foreign currency deposits was 9,582 billion USD, showing a year-on-year growth of 16.1% [9] - The total increase in RMB deposits for the first four months was 12.55 trillion yuan [8]