中国11月末M2同比增长8%

Group 1 - The People's Bank of China reported that as of the end of November, the broad money supply (M2) reached 336.99 trillion yuan, reflecting a year-on-year growth of 8% [1] - The narrow money supply (M1) stood at 112.89 trillion yuan, with a year-on-year increase of 4.9%, while the currency in circulation (M0) was 13.74 trillion yuan, growing by 10.6% year-on-year [1] - In the first eleven months, a net cash injection of 917.5 billion yuan was recorded [1] Group 2 - In terms of loans, the total increase in RMB loans for the first eleven months was 15.36 trillion yuan, with household loans rising by 533.3 billion yuan, short-term loans decreasing by 732.8 billion yuan, and medium to long-term loans increasing by 1.27 trillion yuan [1] - Corporate loans increased by 14.4 trillion yuan, with short-term loans up by 4.44 trillion yuan and medium to long-term loans rising by 8.49 trillion yuan, alongside a 1.31 trillion yuan increase in bill financing [1] - Non-bank financial institution loans decreased by 33.2 billion yuan [1] Group 3 - Experts indicate that the slowdown in loan growth reflects the transition of economic drivers from traditional investment to consumption, with reduced reliance on bank loans for new growth points [1] - The marginal benefits of traditional investment-driven models are diminishing, and the orderly resolution of local debt risks is underway [1] - Economic growth is shifting towards consumption-driven models, with daily consumer spending largely relying on personal funds, leading to lower financing demands [1]