Group 1 - The broad money supply (M2) increased by 8.8% year-on-year, reaching 329.94 trillion yuan by the end of July [2] - The narrow money supply (M1) grew by 5.6% year-on-year, totaling 111.06 trillion yuan, while the currency in circulation (M0) rose by 11.8% to 13.28 trillion yuan [2] - A net cash injection of 465.1 billion yuan occurred in the first seven months of the year [2] Group 2 - The total RMB loans increased by 12.87 trillion yuan in the first seven months, with the RMB loan balance reaching 268.51 trillion yuan, a year-on-year growth of 6.9% [3] - Household loans increased 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 [3] - Corporate loans rose by 11.63 trillion yuan, with short-term loans increasing by 3.75 trillion yuan and medium to long-term loans increasing by 6.91 trillion yuan [3] Group 3 - RMB deposits increased by 18.44 trillion yuan in the first seven months, with the total RMB deposit balance reaching 320.67 trillion yuan, a year-on-year growth of 8.7% [4] - Household deposits rose by 9.66 trillion yuan, while non-financial corporate deposits increased by 310.9 billion yuan [4] - Foreign currency deposits reached 1 trillion USD, growing by 20% year-on-year, with an increase of 148.9 billion USD in the first seven months [4] Group 4 - The weighted average interest rate for interbank RMB market lending was 1.45% in July, down 0.01 percentage points from the previous month and 0.36 percentage points from the same period last year [5] - The total transaction volume in the interbank RMB market reached 222.44 trillion yuan in July, with an average daily transaction of 9.67 trillion yuan, reflecting a year-on-year growth of 14.8% [5] - The weighted average interest rate for pledged bond repos was 1.46%, also lower than the previous month and the same period last year [5] Group 5 - The cross-border RMB settlement amount under the current account was 1.57 trillion yuan in July, with goods trade accounting for 1.15 trillion yuan and services trade for 420 billion yuan [6] - The cross-border RMB settlement amount for direct investment was 640 billion yuan, with outbound direct investment at 220 billion yuan and foreign direct investment at 420 billion yuan [6]

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]

Core Insights - Dalian's foreign-related income and expenditure increased by 5% year-on-year in the first half of the year, with a net inflow for six consecutive quarters, indicating effective financial support for stabilizing foreign investment and trade [1] - The actual cross-border RMB payment amount in Dalian reached 112.18 billion yuan, a year-on-year increase of 13.6%, with a cumulative cross-border RMB settlement scale exceeding 1.2 trillion yuan by the end of June [1] - Dalian has established cross-border RMB settlement channels with 150 countries and regions, with 8,391 enterprises participating in the settlement [1] Financial Support and Policy Initiatives - A "Cross-border RMB Business Promotion Month" was launched to focus on the settlement needs of key enterprises and sectors, with 43% of cross-border RMB settlements in the first half of the year related to Belt and Road Initiative countries and surrounding regions [3] - The State Administration of Foreign Exchange in Dalian introduced guidelines to optimize foreign exchange management and services, expanding the scope and quality of foreign exchange facilitation policies [3] - In the first half of the year, 81 enterprises benefited from trade foreign exchange facilitation, with 71% being quality small and medium-sized enterprises, and the business scale increased by 156% year-on-year [3] Innovative Financial Services - Dalian's banks actively innovated product services to meet enterprises' cross-border financial service needs, exemplified by the "Customs-Bank Benefit Enterprise Platform" created by Bank of China Dalian Branch in collaboration with Dalian Customs [3] - This platform has provided over 400 million yuan in financing support to more than 60 foreign trade enterprises, aiding small and micro enterprises in participating in international market competition [3]

Core Viewpoint - The People's Bank of China (PBOC) has issued a notice to support cross-border RMB settlement for new foreign trade business models, effective from July 21, enhancing the collaboration between domestic banks and licensed payment institutions [1][4]. Group 1: Policy Implementation - The notice allows domestic banks to collaborate with licensed non-bank payment institutions and qualified clearing agencies to provide cross-border RMB settlement services for market participants and individuals [1][2]. - The policy emphasizes three principles: "Know Your Customer," "Know Your Business," and "Due Diligence" for banks and payment institutions involved in cross-border RMB settlement [1][2]. Group 2: Requirements for Banks and Payment Institutions - Domestic banks must have at least three years of experience in cross-border RMB settlement and meet specific regulatory requirements, including anti-money laundering and anti-terrorism financing capabilities [2][3]. - Payment institutions must establish robust systems for anti-money laundering, anti-terrorism financing, and anti-tax evasion, and must not have serious violations in the past two years [2][3]. Group 3: Compliance and Monitoring - Banks and payment institutions are required to collect and regularly verify basic information about market participants, establish a negative list, and set transaction limits based on transaction characteristics [3]. - The PBOC will conduct non-site monitoring of the cross-border RMB settlement activities of banks and payment institutions, which must cooperate with these efforts [3][4].

Economic Environment - The frequent changes in US tariff policies have cast a shadow over the global economy, leading to weakened growth momentum and impacting China's economy [1] - The Chinese government is focusing on stabilizing employment, enterprises, markets, and expectations in response to external uncertainties [1] Financial Support for Foreign Trade - The People's Bank of China in Tianjin has organized financial institutions to enhance a "financing + settlement + risk hedging" service system to help foreign trade enterprises cope with external market risks [2] - In Qingdao, measures have been implemented to strengthen monetary credit policies and establish a whitelist of key foreign trade enterprises, resulting in loans of 543 million yuan to 138 enterprises [2] - In Yulin, Guangxi, the local financial institutions have promoted capital project foreign exchange payment facilitation policies, leading to a 209.4% year-on-year increase in foreign trade imports and exports [3] Exchange Rate Risk Management - The National Foreign Exchange Administration in Inner Mongolia has launched a special action to enhance enterprises' exchange rate risk management, achieving a 87.21% year-on-year increase in the foreign exchange hedging ratio [4] - Various financial institutions are offering diversified solutions for exchange rate hedging, such as CITIC Bank's "Interval Profit" product [5] Cross-Border RMB Settlement - In Xinjiang, enterprises have reported benefits from using cross-border RMB settlement, including reduced exchange rate risks and faster fund availability [7] - The People's Bank of China in Boertala has been promoting cross-border RMB policies to help enterprises reduce foreign exchange costs and improve efficiency [7] Enhancing Foreign Exchange Services - The National Foreign Exchange Administration in Heilongjiang has established a cross-border comprehensive service system to meet the foreign exchange policy needs of enterprises [9] - The administration in Meizhou is expanding online promotional channels to ensure effective policy transmission to enterprises [10]

中国经济网北京5月14日讯 央行网站今日公布《2025年4月金融统计数据报告》《2025年4月社会融 资规模存量统计数据报告》《2025年4月社会融资规模增量统计数据报告》。 《2025年4月社会融资规模增量统计数据报告》显示，初步统计，2025年前四个月社会融资规模增 量累计为16.34万亿元，比上年同期多3.61万亿元。其中，对实体经济发放的人民币贷款增加9.78万亿 元，同比多增3397亿元；对实体经济发放的外币贷款折合人民币减少1098亿元，同比多减2311亿元；委 托贷款增加53亿元，同比多增959亿元；信托贷款增加454亿元，同比少增1672亿元；未贴现的银行承兑 汇票增加2506亿元，同比多增1494亿元；企业债券净融资7591亿元，同比少4095亿元；政府债券净融资 4.85万亿元，同比多3.58万亿元；非金融企业境内股票融资1353亿元，同比多404亿元。 《2025年4月社会融资规模存量统计数据报告》显示，初步统计，2025年4月末社会融资规模存量为 424.0万亿元，同比增长8.7%。其中，对实体经济发放的人民币贷款余额为262.27万亿元，同比增长 7.1%；对实体经济发放的外币贷款折 ...

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]

Core Insights - The People's Bank of China released financial statistics for the first half of 2025, indicating a significant increase in social financing and loans to the real economy compared to the previous year [1][2]. Group 1: Social Financing and Loans - The total social financing increment for the first half of 2025 reached 22.83 trillion yuan, an increase of 4.74 trillion yuan year-on-year [1]. - The increase in RMB loans to the real economy was 12.74 trillion yuan, which is 279.6 billion yuan more than the previous year [1]. - Foreign currency loans to the real economy decreased by 63.8 billion yuan, a decline of 55.8 billion yuan year-on-year [1]. - Trust loans increased by 144.3 billion yuan, but this was a decrease of 165.5 billion yuan compared to the previous year [1]. - Net financing through corporate bonds was 1.15 trillion yuan, down 256.2 billion yuan year-on-year, while government bonds saw a net financing of 7.66 trillion yuan, an increase of 432 billion yuan [1]. Group 2: Monetary Statistics - As of June 2025, the total social financing stock was 430.22 trillion yuan, reflecting an 8.9% year-on-year growth [2]. - The balance of RMB loans to the real economy was 265.22 trillion yuan, with a year-on-year increase of 7% [2]. - The balance of foreign currency loans was 1.22 trillion yuan, showing a decline of 26.6% year-on-year [2]. - The broad money supply (M2) stood at 330.29 trillion yuan, with an 8.3% year-on-year growth [4]. Group 3: Deposits and Interest Rates - The total balance of deposits (both RMB and foreign currency) was 327.46 trillion yuan, with an 8.6% year-on-year increase [7]. - The average weighted interest rate for interbank RMB market lending was 1.46%, lower than both the previous month and the same month last year [9]. - The average weighted interest rate for pledged bond repos was 1.5%, also lower than the previous month and year [9]. Group 4: Foreign Exchange and Cross-Border Transactions - The national foreign exchange reserves were reported at 3.32 trillion USD as of June 2025 [9]. - The cross-border RMB settlement amount under current accounts reached 8.3 trillion yuan, with direct investment cross-border RMB settlements amounting to 4.11 trillion yuan [9].

Group 1 - The core viewpoint of the articles highlights the significant growth in cross-border RMB transactions in Guizhou Province, with a total of 470 enterprises engaging in such transactions, amounting to 13.16 billion yuan in the first half of the year [1] - Cross-border RMB receipts and payments under current accounts and direct investment reached 10.19 billion yuan, representing a year-on-year increase of 12.7%, and accounting for 31.7% of the total RMB and foreign currency transactions, an increase of 3.4 percentage points compared to 2024 [1] - The main contributors to the growth in cross-border RMB settlements were goods trade and direct investment, which accounted for 50.8% and 16.6% of the total cross-border RMB receipts and payments, respectively [1] Group 2 - The number of countries and regions engaging in cross-border RMB transactions with Guizhou Province increased to 79, up by 3 from the previous year [1] - A total of 25 commercial banks in Guizhou with international settlement qualifications conducted cross-border RMB business, with 247 operational outlets covering all 9 cities and states in the province [1] - The establishment of a comprehensive cross-border RMB product service system in Guizhou includes account management, fund settlement and management, cross-border financing and guarantees, and direct investment [1] Group 3 - In the first half of the year, 202 enterprises were recognized as high-quality enterprises for cross-border RMB settlement, an increase of 15 from the previous year, indicating an expansion in the coverage of facilitation policies [2] - A total of 84 enterprises in the province completed facilitation business amounting to 3.12 billion yuan [2] - The "cross-border payment channel" business has been progressively implemented in Guizhou, with 6 pilot banks processing a total of 20.72 million yuan by July 15 [2]

Core Insights - The People's Bank of China and the State Administration of Foreign Exchange have issued guidelines to support Hubei Province in becoming a new highland of inland openness, with 12 specific measures to enhance financial support [1][2] Group 1: Financial Support Measures - The guidelines include 12 specific measures aimed at enhancing financial support for Hubei Province [1] - Since the implementation of the guidelines, Hubei Province has seen a 13.85% year-on-year increase in foreign debt inflow, reaching $2.6 billion in the first half of 2025 [2] - The total amount of foreign exchange receipts and payments for enterprises in Hubei Province reached 136.4 billion yuan, indicating improved foreign exchange risk management capabilities [2] Group 2: Banking and Corporate Activity - Banks in Hubei have facilitated 67 foreign debt registrations for non-financial enterprises, reducing operational costs for businesses [2] - A total of 14 multinational companies in Hubei have engaged in centralized fund management, achieving cross-border receipts of $1.373 billion in the first half of 2025 [2] - The amount of currency hedging contracts signed by enterprises in Hubei reached $5.64 billion, marking a 32% increase year-on-year, with 219 new hedging clients [2] Group 3: Credit and Lending - The People's Bank of China in Hubei has promoted a credit information sharing platform for small and micro enterprises, resulting in over 40,000 inquiries and loans totaling 12.9 billion yuan for 3,415 enterprises [1] - A total of 17 banks in Hubei have processed 115,000 transactions for trade foreign exchange receipts and payments, amounting to $31.18 billion, with nearly 70% of these transactions benefiting green, technological innovation, and small and micro enterprises [1]