1月份新增社融7.22万亿元 1月末M2同比增长9%

Core Insights - The central point of the report is the significant growth in China's financial statistics for January 2026, indicating a robust increase in social financing and monetary supply compared to the previous year. Group 1: Social Financing - The total social financing scale increased by 7.22 trillion yuan in January 2026, which is 166.2 billion yuan more than the same period last year [4] - The outstanding social financing scale reached 449.11 trillion yuan by the end of January, reflecting a year-on-year growth of 8.2% [2] - The balance of RMB loans to the real economy was 273.3 trillion yuan, growing by 6.1% year-on-year [2] Group 2: Monetary Supply - The broad money supply (M2) stood at 347.19 trillion yuan at the end of January, with a year-on-year increase of 9% [5] - The narrow money supply (M1) was 117.97 trillion yuan, showing a year-on-year growth of 4.9% [5] - The cash in circulation (M0) reached 14.61 trillion yuan, up by 2.7% year-on-year [5] Group 3: Deposits and Loans - RMB deposits increased by 8.09 trillion yuan in January, with the total RMB deposit balance at 336.77 trillion yuan, reflecting a 9.9% year-on-year growth [6] - The total balance of loans in both RMB and foreign currencies was 280.59 trillion yuan, with RMB loans increasing by 4.71 trillion yuan in January [8] - Foreign currency loans amounted to 570.1 billion USD, marking a year-on-year increase of 6.6% [9] Group 4: Interest Rates and Transactions - The average weighted interest rate for interbank RMB market lending was 1.4%, which is 0.04 percentage points higher than the previous month [10] - The total transaction volume in the interbank RMB market reached 211.96 trillion yuan in January, with a daily average transaction growth of 36.1% year-on-year [10] Group 5: Cross-Border Transactions - The cross-border RMB settlement amount under the current account was 1.49 trillion yuan in January, with direct investment cross-border RMB settlement at 0.78 trillion yuan [11]