前三季度社会融资规模增量超30万亿元

Group 1 - The core viewpoint of the article highlights the robust support of financial policies for the real economy, with significant growth in social financing, broad money supply (M2), and RMB loan balances outpacing economic growth [1][7][8] - As of September 2025, the total social financing scale reached 437.08 trillion yuan, with a year-on-year growth of 8.7%, and the incremental social financing for the first three quarters was 30.09 trillion yuan, an increase of 4.42 trillion yuan compared to the previous year [2][3] - The structure of credit has been optimized, with RMB loans increasing by 14.75 trillion yuan in the first three quarters, and the balance of inclusive small and micro loans growing by 12.2% year-on-year [4][5] Group 2 - In September 2025, new social financing amounted to 3.53 trillion yuan, driven by accelerated government bond issuance and improved corporate financing channels [3][4] - The balance of M2 reached 335.38 trillion yuan, with a year-on-year growth of 8.4%, indicating a recovery in corporate production and consumer demand [7][8] - The current financial scale in China is substantial, with social financing exceeding 430 trillion yuan, suggesting that future financial impacts on the real economy will primarily be through interest rate mechanisms [8]