新增贷款超16万亿元！金融“活水”激发经济活力

Core Insights - The financial data for 2025 indicates a robust performance, with new loans totaling 16.27 trillion yuan, reflecting the effectiveness of moderately loose monetary policies and sustained credit demand from businesses and households [1][2] - The total social financing scale increased by 35.6 trillion yuan, with M2 money supply exceeding 340 trillion yuan and RMB loan balance surpassing 270 trillion yuan, showcasing a solid financial system supporting economic stability and internal demand [1] Monetary Policy Impact - The past year saw precise monetary policy actions, including a 0.5 percentage point reduction in the reserve requirement ratio and a 0.1 percentage point cut in policy interest rates, which have led to reasonable growth in social financing and maintained low loan interest rates [1][3] - By December 2025, the weighted average interest rate for newly issued corporate loans was around 3.1%, a decrease of 2.5 percentage points since the second half of 2018, reducing financing costs for businesses [1] Loan Distribution and Economic Trends - In 2025, new loans to enterprises amounted to 15.47 trillion yuan, indicating that over 90% of new loans were aligned with corporate needs, with more than half of these being medium to long-term loans, reflecting stable expectations for future development [2] - Key sectors attracting loans included technology (11.5% growth), green initiatives (23% growth), inclusive finance (10.3% growth), elderly care (60.2% growth), and digital fields (14.6% growth), all surpassing the overall loan growth rate [2] Structural Policy Enhancements - Continuous optimization of structural monetary policy tools has been observed, including increased quotas for loans supporting technological innovation and agricultural financing, as well as the introduction of risk-sharing tools for technology innovation bonds [3] - The financial sector is supporting rapid growth in industries such as humanoid robotics, biomedicine, and high-end equipment manufacturing, contributing to the high-quality development of the economy [3] Future Outlook - The People's Bank of China has committed to maintaining a moderately loose monetary policy in 2026, focusing on counter-cyclical adjustments to expand domestic demand and optimize supply, thereby fostering a stable economic growth environment [3] - As financial support quality improves, the alignment between financial supply and high-quality development of the real economy is expected to strengthen, contributing to a positive economic trajectory [3]