今年1月起，央行启用新修订的狭义货币（M1）统计口径。按可比口径回溯后，2024年9月末，M1增速 为-3.3%，9月M2（6.8%）与M1增速之差为10.1%。业内专家表示，今年以来，M2-M1剪刀差明显收 窄，体现资金活化程度提升、循环效率提高，各项稳市场稳预期政策有效提振了市场信心，与经济活动 回暖提升的趋势是相符合的。 （文章来源：第一财经） 8月13日，央行披露最新数据显示，7月末，广义货币（M2）余额329.94万亿元，同比增长8.8%。狭义 货币（M1）余额111.06万亿元，同比增长5.6%。M2与M1增速之差为3.2%，较去年9月高点明显收窄。 相对于包含定期存款的M2而言，M1中主要包括现金、企业和居民活期存款，以及支付宝和微信钱包等 随时可用的"活钱"。 ...

中国人民银行8月13日发布数据显示，前7个月人民币贷款增加12.87万亿元。 数据显示，7月末，广义货币（M2）余额329.94万亿元，同比增长8.8%。狭义货币（M1）余额111.06万 亿元，同比增长5.6%。流通中货币（M0）余额13.28万亿元，同比增长11.8%。前7个月净投放现金4651 亿元。 分部门看，住户贷款增加6807亿元。其中，短期贷款减少3830亿元，中长期贷款增加1.06万亿元。企 （事）业单位贷款增加11.63万亿元，其中，短期贷款增加3.75万亿元，中长期贷款增加6.91万亿元，票 据融资增加8247亿元。非银行业金融机构贷款增加2357亿元。 社融方面，数据显示，初步统计，2025年7月末社会融资规模存量为431.26万亿元，同比增长9%；7前7 个月社会融资规模增量累计为23.99万亿元，比上年同期多5.12万亿元。 ...

业内专家表示，今年以来，M2-M1剪刀差明显收窄，体现资金活化程度提升、循环效率提高，各项稳 市场稳预期政策有效提振了市场信心，与经济活动回暖提升的趋势是相符合的。 专家进一步指出，M1主要是企业日常经营周转资金。大企业实力雄厚，资金融通能力较强，通常不需 要保持较多的流动资金，更加注重资金的使用效率和盈利能力。相反，中小企业资金融通能力较弱，在 正常情况下会预留较多的周转资金以应对各种不确定性。近年来，部分领域出现无序竞争，一些大企业 凭借市场优势拖欠中小企业账款，转用于理财，实际上是占用了一部分上下游企业的资金，上下游中小 企业为降低财务成本，尽可能地把活期存款等流动资金压降到最低水平，一定程度上也会影响M1的增 长。 8月13日，央行披露最新数据显示，7月末，广义货币（M2）余额329.94万亿元，同比增长8.8%。狭义 货币（M1）余额111.06万亿元，同比增长5.6%。M2与M1增速之差为3.2%，较去年9月高点明显收窄。 相对于包含定期存款的M2而言，M1中主要包括现金、企业和居民活期存款，以及支付宝和微信钱包等 随时可用的"活钱"。 今年1月起，央行启用新修订的狭义货币（M1）统计口径。按可比 ...

社会融资规模存量方面，初步统计，2025年7月末社会融资规模存量为431.26万亿元，同比增长9%。其 中，对实体经济发放的人民币贷款余额为264.79万亿元，同比增长6.8%；对实体经济发放的外币贷款折 合人民币余额为1.21万亿元，同比下降23.2%；委托贷款余额为11.16万亿元，同比下降0.4%；信托贷款 余额为4.46万亿元，同比增长5.9%；未贴现的银行承兑汇票余额为1.92万亿元，同比下降10.4%；企业 债券余额为33.39万亿元，同比增长3.8%；政府债券余额为89.99万亿元，同比增长21.9%；非金融企业 境内股票余额为11.94万亿元，同比增长3.2%。 社会融资规模增量方面，初步统计，2025年前七个月社会融资规模增量累计为23.99万亿元，比上年同 期多5.12万亿元。其中，对实体经济发放的人民币贷款增加12.31万亿元，同比少增694亿元；对实体经 济发放的外币贷款折合人民币减少725亿元，同比少减245亿元；委托贷款减少689亿元，同比多减116亿 元；信托贷款增加1592亿元，同比少增1480亿元；未贴现的银行承兑汇票减少2196亿元，同比少减1243 亿元；企业债券净融资1 ...

Core Viewpoint - The People's Bank of China (PBOC) reported significant increases in social financing, loans, and deposits for the first seven months of 2023, indicating a robust financial environment and potential for economic growth [2][4][6]. Group 1: Social Financing - The cumulative increase in social financing for the first seven months reached 23.99 trillion yuan, which is 5.12 trillion yuan more than the same period last year [4]. - The stock of social financing at the end of July was 431.26 trillion yuan, reflecting a year-on-year growth of 9% [4]. Group 2: Renminbi Loans - Total Renminbi loans increased by 12.87 trillion yuan in the first seven months, with household loans rising by 680.7 billion yuan and corporate loans increasing by 11.63 trillion yuan [6][11]. - The balance of Renminbi loans at the end of July was 268.51 trillion yuan, showing a year-on-year growth of 6.9% [6][11]. Group 3: Renminbi Deposits - Renminbi deposits increased by 18.44 trillion yuan in the first seven months, with household deposits contributing 9.66 trillion yuan [6][13]. - The balance of Renminbi deposits at the end of July was 320.67 trillion yuan, reflecting an 8.7% year-on-year increase [6][13]. Group 4: Monetary Supply - The broad money supply (M2) at the end of July was 329.94 trillion yuan, with a year-on-year growth of 8.8% [9][10]. - The narrow money supply (M1) was 111.06 trillion yuan, growing by 5.6% year-on-year [9][10].

7月末，本外币贷款余额272.48万亿元，同比增长6.7%。月末人民币贷款余额268.51万亿元，同比增长 6.9%。 前七个月人民币贷款增加12.87万亿元。分部门看，住户贷款增加6807亿元，其中，短期贷款减少3830 亿元，中长期贷款增加1.06万亿元；企（事）业单位贷款增加11.63万亿元，其中，短期贷款增加3.75万 亿元，中长期贷款增加6.91万亿元，票据融资增加8247亿元；非银行业金融机构贷款增加2357亿元。 7月末，外币贷款余额5558亿美元，同比下降8.1%。前七个月外币贷款增加137亿美元。 三、前七个月人民币存款增加18.44万亿元 7月末，本外币存款余额327.83万亿元，同比增长9%。月末人民币存款余额320.67万亿元，同比增长 8.7%。 前七个月人民币存款增加18.44万亿元。其中，住户存款增加9.66万亿元，非金融企业存款增加3109亿 元，财政性存款增加2.02万亿元，非银行业金融机构存款增加4.69万亿元。 8月13日，央行发布2025年7月金融统计数据报告。 一、广义货币增长8.8% 7月末，广义货币(M2)余额329.94万亿元，同比增长8.8%。狭义货币(M1) ...

央行发布2025年7月金融统计数据报告。 一、广义货币增长8.8% 7月末，广义货币(M2)余额329.94万亿元，同比增长8.8%。狭义货币(M1)余额111.06万亿元，同比增长 5.6%。流通中货币(M0)余额13.28万亿元，同比增长11.8%。前七个月净投放现金4651亿元。 7月末，本外币贷款余额272.48万亿元，同比增长6.7%。月末人民币贷款余额268.51万亿元，同比增长 6.9%。 7月份同业拆借加权平均利率为1.45%，分别比上月和上年同期低0.01个和0.36个百分点。质押式回购加 权平均利率为1.46%，分别比上月和上年同期低0.04个和0.36个百分点。 前七个月人民币贷款增加12.87万亿元。分部门看，住户贷款增加6807亿元，其中，短期贷款减少3830 亿元，中长期贷款增加1.06万亿元；企（事）业单位贷款增加11.63万亿元，其中，短期贷款增加3.75万 亿元，中长期贷款增加6.91万亿元，票据融资增加8247亿元；非银行业金融机构贷款增加2357亿元。 7月末，外币贷款余额5558亿美元，同比下降8.1%。前七个月外币贷款增加137亿美元。 前七个月人民币存款增加18.4 ...

Group 1 - As of the end of July, the broad money supply (M2) reached 329.94 trillion yuan, reflecting a year-on-year growth of 8.8% [3] - The narrow money supply (M1) stood at 111.06 trillion yuan, with a year-on-year increase of 5.6% [3] - The currency in circulation (M0) amounted to 13.28 trillion yuan, showing a year-on-year growth of 11.8% [3] - A net cash injection of 465.1 billion yuan occurred in the first seven months [3] Group 2 - By the end of July, the total balance of RMB loans was 268.51 trillion yuan, marking a year-on-year increase of 6.9% [4] - In the first seven months, RMB loans increased by 12.87 trillion yuan [4] - Household loans rose by 680.7 billion yuan, with short-term loans decreasing by 383 billion yuan and medium to long-term loans increasing by 1.06 trillion yuan [4] - Corporate loans increased by 11.63 trillion yuan, with short-term loans up by 3.75 trillion yuan and medium to long-term loans up by 6.91 trillion yuan [4] - Foreign currency loans totaled 555.8 billion USD, down 8.1% year-on-year [4] Group 3 - The total balance of RMB deposits reached 320.67 trillion yuan, reflecting a year-on-year growth of 8.7% [5] - RMB deposits increased by 18.44 trillion yuan in the first seven months [5] - Household deposits rose by 9.66 trillion yuan, while non-financial corporate deposits increased by 310.9 billion yuan [5] - Foreign currency deposits amounted to 1 trillion USD, with a year-on-year increase of 20% [5] Group 4 - In July, the weighted average interest rate for interbank RMB lending was 1.45%, lower by 0.01 percentage points from the previous month [6] - The total transaction volume in the interbank RMB market reached 222.44 trillion yuan, with an average daily transaction of 9.67 trillion yuan, up 14.8% year-on-year [6] - The weighted average interest rate for pledged bond repos was 1.46%, down 0.04 percentage points from the previous month [6] Group 5 - In July, the cross-border RMB settlement amount under the current account was 1.57 trillion yuan [7] - The cross-border RMB settlement for direct investment was 640 billion yuan [7] - The breakdown of the current account settlement included 1.15 trillion yuan for goods trade and 420 billion yuan for service trade [7]

新华社北京6月13日电 题：5月金融数据出炉，新增贷款投向了哪里？ 新华社记者吴雨、任军 13日，5月金融统计数据出炉。哪些领域更"吸金"？哪些数据增长更亮眼？ 中国人民银行当日发布的金融统计数据显示，5月末，我国人民币贷款余额266.32万亿元，同比增 长7.1%；社会融资规模存量为426.16万亿元，同比增长8.7%；广义货币（M2）余额325.78万亿元，同 比增长7.9%。 "总体来看，金融总量保持平稳，前5个月新增贷款10.68万亿元，支持实体经济力度保持稳固。"清 华大学国家金融研究院院长田轩认为，5月降息等一揽子金融政策落地见效，进一步激发了信贷需求。 超10万亿元的信贷资金流向了哪里？ 从中国人民银行发布的数据可以看出，超九成新增贷款投向了企业。 数据显示，前5个月，我国企（事）业单位贷款增加9.8万亿元，其中中长期贷款增加6.16万亿元。 也就是说，中长期贷款占比超过六成，为企业投资和生产提供了稳定而有力的支持。 这也可以从个人贷款数据变化得以印证。前5个月，住户部门的中长期贷款增加8347亿元，其中5月 增长势头明显。 一家国有大行工作人员告诉记者，降息政策一出，不少银行已迅速跟进调整了个 ...

Group 1: Social Financing Data - In the first five months of 2025, the cumulative increase in social financing was 18.63 trillion yuan, which is 3.83 trillion yuan more than the same period last year [1] - The increase in RMB loans to the real economy was 10.38 trillion yuan, an increase of 112.3 billion yuan year-on-year [1] - The net financing of corporate bonds was 908.7 billion yuan, a decrease of 288.4 billion yuan year-on-year [1] Group 2: Stock Data - As of the end of May 2025, the total social financing stock was 426.16 trillion yuan, a year-on-year increase of 8.7% [2] - The balance of RMB loans to the real economy was 262.86 trillion yuan, a year-on-year increase of 7% [2] - The balance of government bonds was 87.39 trillion yuan, a year-on-year increase of 20.9% [2] Group 3: Loan and Deposit Data - The balance of RMB loans increased by 10.68 trillion yuan in the first five months of 2025, with household loans increasing by 572.4 billion yuan [6] - The balance of RMB deposits increased by 14.73 trillion yuan in the first five months, with household deposits increasing by 8.3 trillion yuan [8] - The balance of foreign currency loans was 539.4 billion USD, a year-on-year decrease of 16.3% [7] Group 4: Monetary Statistics - The balance of broad money (M2) was 325.78 trillion yuan, a year-on-year increase of 7.9% [4] - The balance of narrow money (M1) was 108.91 trillion yuan, a year-on-year increase of 2.3% [5] - The cash in circulation (M0) was 13.13 trillion yuan, a year-on-year increase of 12.1% [5] Group 5: Interbank Market Activity - In May 2025, the average weighted interest rate for interbank RMB market lending was 1.55%, lower than the previous month and the same period last year [10] - The total transaction volume in the interbank RMB market was 167.2 trillion yuan, with an average daily transaction of 8.8 trillion yuan, a year-on-year increase of 14.9% [10] - The average weighted interest rate for pledged bond repurchase was 1.56%, also lower than the previous month and the same period last year [10]