8月重磅数据来了！刚刚，央行公布！

Core Viewpoint - The article discusses the continuous narrowing of the "scissors difference" between M1 and M2, indicating an improvement in the liquidity and efficiency of funds in the Chinese economy, supported by robust monetary and fiscal policies [2][8]. Group 1: Monetary and Credit Data - As of the end of August, the increase in RMB loans for the first eight months reached 13.46 trillion yuan, with a loan growth rate of 6.8% [5]. - The social financing scale increased by 26.56 trillion yuan, with both social financing stock growth and M2 growth maintaining a high increase of 8.8% [3][5]. - The M1 growth rate was recorded at 6%, reflecting a 0.4 percentage point increase from the previous month, while M2 growth remained stable at 8.8% [8][9]. Group 2: Economic Support and Structural Optimization - The article emphasizes that the current financial support for the real economy is substantial, with both M2 and social financing growth rates remaining between 8% and 9% [3]. - It highlights the need for future monetary policy to focus on structural optimization while maintaining reasonable growth in total financial volume [11][12]. - The article suggests that structural monetary policy tools should continue to play a guiding role, enhancing financial institutions' ability to support key sectors [12]. Group 3: Investment and Consumption Trends - The narrowing of the M1 and M2 "scissors difference" is seen as a positive indicator for investment and consumption, reflecting increased market confidence [8][9]. - The article notes that the demand for loans has risen due to seasonal consumption patterns and government policies promoting consumption [5][6].