信息量很大！央行发布重要报告

Financial Statistics Summary - As of the end of July 2025, the broad money supply (M2) reached 329.94 trillion yuan, reflecting a year-on-year growth of 8.8% [2] - The narrow money supply (M1) stood at 111.06 trillion yuan, with a year-on-year increase of 5.6% [2] - The cash in circulation (M0) amounted to 13.28 trillion yuan, showing a year-on-year growth of 11.8% [2] - In the first seven months of 2025, net cash injection totaled 465.1 billion yuan [2] Loan and Deposit Statistics - By the end of July 2025, the total balance of RMB loans was 268.51 trillion yuan, with a year-on-year growth of 6.9% [2] - In the first seven months, RMB loans increased by 12.87 trillion yuan, with household loans rising by 680.7 billion yuan [2][3] - The total balance of deposits in RMB reached 320.67 trillion yuan, reflecting a year-on-year growth of 8.7% [2][3] - Foreign currency loans decreased by 8.1% year-on-year, totaling 55.58 billion USD [2] Social Financing Scale - As of the end of July 2025, the total social financing scale was 431.26 trillion yuan, with a year-on-year growth of 9% [4] - The balance of RMB loans to the real economy was 264.79 trillion yuan, increasing by 6.8% year-on-year [4] - The balance of foreign currency loans to the real economy decreased by 23.2% year-on-year, equivalent to 1.21 trillion yuan [4][5] Incremental Financing Data - In the first seven months of 2025, the cumulative increase in social financing was 23.99 trillion yuan, which is 5.12 trillion yuan more than the same period last year [6] - The increase in RMB loans to the real economy was 12.31 trillion yuan, which is a decrease of 694 billion yuan compared to the previous year [6] - Government bond net financing reached 8.9 trillion yuan, which is an increase of 4.88 trillion yuan year-on-year [6]