交银国际每日晨报-20250415

Banking Sector - New loans exceeded market expectations, with March's new RMB loans reaching 3.64 trillion, an increase of 550 billion year-on-year, primarily driven by short-term loans to enterprises [1][2] - Social financing in March was 5.88 trillion, also surpassing market expectations, with significant contributions from government bonds and loans [1][2] - M1 growth has significantly rebounded, while M2 growth remains stable, indicating a positive trend in credit demand [2] Battery Industry - In Q1 2025, both supply and demand for batteries were robust, with a year-on-year increase of 52.8% in the installation of power batteries [3] - Total production and sales of power and other batteries in China reached 326.3 GWh and 285.8 GWh respectively, marking year-on-year growth of 74.9% and 73.7% [3] - Exports of power and other batteries reached 61.5 GWh in Q1 2025, a 91.2% increase year-on-year, with energy storage batteries significantly contributing to this growth [3][4] Economic Data - Upcoming economic data releases for the US include unemployment claims and new housing starts, while China will report GDP growth and industrial production values [8]