央行：1月社融规模新增7.22万亿元，M2同比增长9%

Core Viewpoint - The People's Bank of China released January financial data, indicating a year-on-year growth of 9.0% in broad money (M2) to 347.19 trillion yuan, with a notable increase in social financing scale and various loan categories [1][4]. Group 1: Monetary Supply - As of the end of January, M2 balance was 347.19 trillion yuan, up 9.0% year-on-year, which is 0.5 percentage points higher than the previous month and 2.0 percentage points higher than the same period last year [1]. - Narrow money (M1) balance reached 117.97 trillion yuan, reflecting a year-on-year growth of 4.9% [4]. - Cash in circulation (M0) stood at 14.61 trillion yuan, with a year-on-year increase of 2.7% [4]. Group 2: Social Financing Scale - The total social financing scale stock was 449.11 trillion yuan at the end of January, showing an 8.2% year-on-year increase [1]. - The increment in social financing scale for January was 7.22 trillion yuan, which is 166.2 billion yuan more than the same month last year [3]. Group 3: Loan Distribution - The balance of RMB loans to the real economy was 273.3 trillion yuan, with a year-on-year growth of 6.1% [1]. - The share of RMB loans to the real economy constituted 60.9% of the total social financing scale, down 1.2 percentage points year-on-year [2]. - In January, RMB loans increased by 4.71 trillion yuan, with household loans rising by 456.5 billion yuan and corporate loans increasing by 4.45 trillion yuan [5][6]. Group 4: Deposits - The total balance of deposits in both domestic and foreign currencies was 344.46 trillion yuan, marking a year-on-year growth of 10.1% [4]. - RMB deposits increased by 8.09 trillion yuan in January, with household deposits rising by 2.13 trillion yuan [4]. Group 5: Cross-Border Transactions - The cross-border RMB settlement amount under the current account was 1.49 trillion yuan, with direct investment cross-border RMB settlement amounting to 0.78 trillion yuan [6].