央行：1月末社会融资规模存量为449.11万亿元 同比增长8.2%

Group 1: Social Financing Scale - As of the end of January 2026, the total social financing scale reached 449.11 trillion yuan, marking a year-on-year growth of 8.2% [2] - The balance of RMB loans to the real economy was 273.3 trillion yuan, with a year-on-year increase of 6.1% [2] - The balance of foreign currency loans to the real economy, converted to RMB, was 1.09 trillion yuan, showing a year-on-year decline of 12.1% [2] Group 2: Structure of Financing - By the end of January, RMB loans accounted for 60.9% of the total social financing scale, down 1.2 percentage points year-on-year [3] - Government bonds represented 21.4% of the total, up 1.7 percentage points year-on-year [3] - The balance of corporate bonds was 34.69 trillion yuan, reflecting a year-on-year growth of 6.1% [2][3] Group 3: Increment of Social Financing - In January 2026, the increment of social financing was 7.22 trillion yuan, which is 166.2 billion yuan more than the same period last year [4] - RMB loans to the real economy increased by 4.9 trillion yuan, which is a decrease of 317.8 billion yuan compared to the previous year [4] - Government bonds net financing reached 9.764 trillion yuan, an increase of 283.1 billion yuan year-on-year [4] Group 4: Monetary Supply - By the end of January, the broad money supply (M2) was 347.19 trillion yuan, with a year-on-year growth of 9% [5] - The narrow money supply (M1) was 117.97 trillion yuan, reflecting a year-on-year increase of 4.9% [5] - Cash in circulation (M0) reached 14.61 trillion yuan, growing by 2.7% year-on-year [5] Group 5: Deposits and Loans - Total deposits in both domestic and foreign currencies reached 344.46 trillion yuan, with a year-on-year growth of 10.1% [6] - RMB loans increased by 4.71 trillion yuan in January, with the balance of RMB loans at 276.62 trillion yuan, up 6.1% year-on-year [7] - Foreign currency loans increased by 251 billion USD, with a year-on-year growth of 6.6% [7] Group 6: Interbank Market Activity - The average weighted interest rate for interbank RMB market lending was 1.4%, which is 0.04 percentage points higher than the previous month [8] - Total transactions in the interbank RMB market reached 211.96 trillion yuan in January, with a daily average transaction of 10.09 trillion yuan, up 36.1% year-on-year [8] Group 7: Cross-Border RMB Settlement - In January, the cross-border RMB settlement amount under the current account was 1.49 trillion yuan [9] - The direct investment cross-border RMB settlement amount was 0.78 trillion yuan, with foreign direct investment accounting for 0.51 trillion yuan [9]