中国8月末广义货币余额同比增8.8%

Group 1 - As of the end of August, China's broad money supply (M2) reached 331.98 trillion yuan, with a year-on-year growth of 8.8%, maintaining a high level compared to the previous month [1] - Narrow money supply (M1) stood at 111.23 trillion yuan, showing a year-on-year increase of 6%, while the currency in circulation (M0) was 13.34 trillion yuan, up 11.7% year-on-year [1] - In the first eight months, net cash injection amounted to 520.8 billion yuan, indicating a significant liquidity provision in the market [1] Group 2 - Total RMB loans increased by 13.46 trillion yuan in the first eight months, with household loans rising by 711 billion yuan, where short-term loans decreased by 372.5 billion yuan and medium to long-term loans increased by 1.08 trillion yuan [1] - Corporate loans increased by 12.22 trillion yuan, with short-term loans up by 3.82 trillion yuan and medium to long-term loans rising by 7.38 trillion yuan, alongside an increase of 877.8 billion yuan in bill financing [1] - The demand for preventive liquidity from enterprises has increased, contributing to the robust growth of short-term loans and supporting the M2 growth rate [1] Group 3 - The issuance of special refinancing bonds has accelerated this year, providing strong financial support for the prudent resolution of hidden debts [2] - After adjusting for the impact of local special bond replacements, the loan growth rate in August is estimated to be around 7.8%, indicating a solid level of credit support for the real economy [2]