国内观察：2024年9月金融数据：增量信息有限，静待政策见效

Group 1: Financial Data Overview - In September 2024, M2 increased by 6.8% year-on-year, up from 6.3% in the previous month[2] - M1 decreased by 7.4% year-on-year, slightly worse than the previous month's decline of 7.3%[2] - New RMB loans totaled 1.59 trillion yuan, a year-on-year decrease of 720 billion yuan[2] - New social financing (社融) reached 3.76 trillion yuan, down by 372.2 billion yuan year-on-year[2] - The growth rate of social financing stock was 8.0%, compared to 8.1% previously[2] Group 2: Key Insights and Trends - Non-bank deposits increased significantly by 910 billion yuan, a year-on-year increase of 1.58 trillion yuan, linked to a strong equity market[3] - Corporate deposits rose sharply by 569 billion yuan year-on-year, indicating fiscal efforts are materializing[3] - Corporate bond financing saw a net decrease of 191.1 billion yuan, reflecting ongoing debt resolution efforts[3] - New government bond financing amounted to 1.5353 trillion yuan, a year-on-year increase of 543.3 billion yuan[3] - The M2-M1 gap widened, indicating a need for improved economic vitality[3]