中国银河发布10月金融数据点评：社融信贷均偏弱，存款搬家继续演绎

Group 1 - The core viewpoint of the article highlights that social financing (社融) has shown a year-on-year decrease, with a stable but slowing growth rate [1] - The main drag on the increase in social financing is attributed to the decline in RMB loans and government bond issuance [1] - There is a continued weak demand for financing in the real sector, with a notable increase in bill financing [1] - The growth rates of M1 and M2 have slowed down, indicating a trend of deposit migration [1]