Monetary Policy and Financial Data - As of the end of July, the broad money supply (M2) reached 329.94 trillion yuan, showing a year-on-year growth of 8.8%, up from 8.3% at the end of June [1] - In the first seven months, RMB loans increased by 12.87 trillion yuan, with household loans rising by 680.7 billion yuan and corporate loans increasing by 11.63 trillion yuan [2] - RMB deposits increased by 18.44 trillion yuan in the first seven months, with household deposits contributing 9.66 trillion yuan [7] - The average weighted interest rate for interbank borrowing in July was 1.45%, which is lower than the previous month and the same period last year [11] Cross-Border Transactions - In July, the cross-border RMB settlement amount under the current account was 1.57 trillion yuan, with goods trade accounting for 1.15 trillion yuan [4] Government Financial Support - The National Development and Reform Commission has allocated 188 billion yuan in special long-term bonds to support equipment renewal, impacting over 8,400 projects and driving total investment exceeding 1 trillion yuan [5] Consumer Financing - The interest rate for consumer loan subsidies has been reduced to around 1%, significantly lowering financing costs for consumers and stimulating demand [8] Technological Advancements - China successfully launched a low Earth orbit satellite internet group, enhancing its capabilities in satellite internet technology [3] Virtual Power Plant Development - Guangzhou has announced a development plan for virtual power plants, aiming for a connection capacity of 2 million kilowatts by the end of 2025, with annual financial support not exceeding 10 million yuan [9][10] IPO Activity - Bullish, a cryptocurrency trading platform, is set to raise $1.11 billion through its IPO, with shares priced at $37 each and over 20 times oversubscription [6]
影响市场重大事件：我国卫星互联网低轨卫星成功发射；央行数据 7月末广义货币(M2)余额同比增长8.8%
Mei Ri Jing Ji Xin Wen·2025-08-13 23:08