Group 1: Social Financing Scale - As of the end of January 2026, the total social financing scale reached 449.11 trillion yuan, marking a year-on-year growth of 8.2% [2] - The balance of RMB loans to the real economy was 273.3 trillion yuan, with a year-on-year increase of 6.1% [2] - The balance of foreign currency loans to the real economy, converted to RMB, was 1.09 trillion yuan, showing a year-on-year decline of 12.1% [2] Group 2: Structure of Financing - By the end of January, RMB loans accounted for 60.9% of the total social financing scale, down 1.2 percentage points year-on-year [3] - Government bonds represented 21.4% of the total, up 1.7 percentage points year-on-year [3] - The balance of corporate bonds was 34.69 trillion yuan, reflecting a year-on-year growth of 6.1% [2][3] Group 3: Increment of Social Financing - In January 2026, the increment of social financing was 7.22 trillion yuan, which is 166.2 billion yuan more than the same period last year [4] - RMB loans to the real economy increased by 4.9 trillion yuan, which is a decrease of 317.8 billion yuan compared to the previous year [4] - Government bonds net financing reached 9.764 trillion yuan, an increase of 283.1 billion yuan year-on-year [4] Group 4: Monetary Supply - By the end of January, the broad money supply (M2) was 347.19 trillion yuan, with a year-on-year growth of 9% [5] - The narrow money supply (M1) was 117.97 trillion yuan, reflecting a year-on-year increase of 4.9% [5] - Cash in circulation (M0) reached 14.61 trillion yuan, growing by 2.7% year-on-year [5] Group 5: Deposits and Loans - Total deposits in both domestic and foreign currencies reached 344.46 trillion yuan, with a year-on-year growth of 10.1% [6] - RMB loans increased by 4.71 trillion yuan in January, with the balance of RMB loans at 276.62 trillion yuan, up 6.1% year-on-year [7] - Foreign currency loans increased by 251 billion USD, with a year-on-year growth of 6.6% [7] Group 6: Interbank Market Activity - The average weighted interest rate for interbank RMB market lending was 1.4%, which is 0.04 percentage points higher than the previous month [8] - Total transactions in the interbank RMB market reached 211.96 trillion yuan in January, with a daily average transaction of 10.09 trillion yuan, up 36.1% year-on-year [8] Group 7: Cross-Border RMB Settlement - In January, the cross-border RMB settlement amount under the current account was 1.49 trillion yuan [9] - The direct investment cross-border RMB settlement amount was 0.78 trillion yuan, with foreign direct investment accounting for 0.51 trillion yuan [9]

信贷迎开门红。M2和社会融资规模增速均保持在较高水平，持续为经济回升向好创造适宜的货币金融环境。 2月13日，央行发布2026年首月金融数据，2026年1月末，广义货币(M2)余额347.19万亿元，同比增长9.0%，比上月高0.5个百分点，比上年同期高2.0个百 分点，超出市场预期；社会融资规模存量449.11万亿元，同比增长8.2%，比上年同期高0.2个百分点；1月，社会融资规模增量为7.22万亿元，同比多1662 亿元。 从1月数据来看，信贷总量平稳增长，需求端显现回暖动能。 1月末，人民币贷款余额为276.62万亿元，同比增长6.1%，仍高于名义经济增速，还原政府债券置换因素后，增速约6.7%。 业内专家表示，中央经济工作会议强调2026年要继续实施适度宽松的货币政策，开年以来金融体系加大信贷投放力度，需求端也有多方面有利条件支撑信 贷平稳增长。 重大项目密集落地带动项目贷款加大投放。多家银行反映，今年一季度基建领域贷款审批节奏明显加快，投放量同比实现较大幅度增长。 企业贷款发力提质，支持实体经济成色更足。分部门来看，1月企业贷款新增4.45万亿元，其中企业中长期贷款增加3.18万亿元，占比超七成，为 ...

格隆汇2月13日｜金融时报发文表示，对于1月的数据，业内专家普遍表示，综合来看，适度宽松货币政 策持续发力、政府债"靠前发力"仍是重要原因。"近年来贷款作为单一渠道，越来越难以反映金融支持 实体经济的全貌，观察金融总量要更多看社会融资规模、货币供应量指标。"一位业内人士如是表示， 各种融资方式之间会相互替代，贷款作为单一渠道的解释力度逐渐下降，宜更多关注社会融资规模和货 币供应量指标，更好体现金融支持实体经济的总体力度。 ...

Group 1 - The People's Bank of China reported that the social financing scale increased by 7.22 trillion yuan in January 2026, which is 166.2 billion yuan more than the same period last year [1] - The broad money supply (M2) reached 347.19 trillion yuan, showing a year-on-year growth of 9%, with an increase of 0.5 percentage points compared to December of the previous year [1] - The narrow money supply (M1) stood at 117.97 trillion yuan, with a year-on-year growth of 4.9%, up by 1.1 percentage points from December [1] Group 2 - In January 2026, the demand for loans in renminbi increased by 4.71 trillion yuan, with household loans rising by 456.5 billion yuan and corporate loans increasing by 4.45 trillion yuan [1] - The total deposits in renminbi increased by 8.09 trillion yuan, with household deposits growing by 2.13 trillion yuan and non-financial enterprise deposits increasing by 2.61 trillion yuan [1] Group 3 - As of the end of January 2026, the total social financing stock was 449.11 trillion yuan, reflecting a year-on-year growth of 8.2% [2] - The balance of renminbi loans to the real economy was 273.3 trillion yuan, with a year-on-year increase of 6.1% [2] - The balance of government bonds reached 95.9 trillion yuan, showing a year-on-year growth of 17.3% [2] Group 4 - The People's Bank of China announced a series of monetary policies, including structural interest rate cuts and adjustments to the minimum down payment ratio for commercial housing loans [4] - The central bank emphasized the continuation of a moderately accommodative monetary policy to enhance the effectiveness of both incremental and stock policies [4]

Group 1 - The total social financing stock at the end of January 2026 was 449.11 trillion yuan, showing a year-on-year growth of 8.2% [1] - The balance of RMB loans to the real economy was 273.3 trillion yuan, with a year-on-year increase of 6.1% [1] - The balance of foreign currency loans to the real economy, converted to RMB, was 1.09 trillion yuan, reflecting a year-on-year decrease of 12.1% [1] Group 2 - The increment of social financing in January 2026 was 7.22 trillion yuan, which is 166.2 billion yuan more than the same period last year [3] - RMB loans to the real economy increased by 4.9 trillion yuan, which is a decrease of 317.8 billion yuan compared to the previous year [3] - The net financing of government bonds was 9.764 trillion yuan, an increase of 283.1 billion yuan year-on-year [3] Group 3 - The broad money supply (M2) at the end of January was 347.19 trillion yuan, with a year-on-year growth of 9% [4] - The narrow money supply (M1) was 117.97 trillion yuan, showing a year-on-year increase of 4.9% [4] - The cash in circulation (M0) was 14.61 trillion yuan, reflecting a year-on-year growth of 2.7% [4] Group 4 - The total deposits in RMB at the end of January were 336.77 trillion yuan, with a year-on-year increase of 9.9% [5] - In January, RMB deposits increased by 8.09 trillion yuan, with household deposits rising by 2.13 trillion yuan [5] - The balance of foreign currency deposits was 1.1 trillion USD, showing a year-on-year growth of 23.7% [6] Group 5 - The total balance of loans in RMB at the end of January was 276.62 trillion yuan, with a year-on-year increase of 6.1% [7] - In January, RMB loans increased by 4.71 trillion yuan, with corporate loans rising by 4.45 trillion yuan [7] - The balance of foreign currency loans was 57.01 billion USD, reflecting a year-on-year increase of 6.6% [8] Group 6 - The average weighted interest rate for interbank RMB market lending in January was 1.4%, which is 0.04 percentage points higher than the previous month [8] - The total transaction volume in the interbank RMB market was 211.96 trillion yuan, with a daily average transaction volume of 10.09 trillion yuan, a year-on-year increase of 36.1% [8] - The average weighted interest rate for pledged bond repos was 1.43%, which is 0.03 percentage points higher than the previous month [8] Group 7 - The cross-border RMB settlement amount under the current account in January was 1.49 trillion yuan [9] - The cross-border RMB settlement amount for direct investment was 0.78 trillion yuan, with foreign direct investment accounting for 0.51 trillion yuan [9]

货币总量方面，1月末，广义货币（M2）余额347.19万亿元，同比增长9%。狭义货币（M1）余额 117.97万亿元，同比增长4.9%。流通中货币（M0）余额14.61万亿元，同比增长2.7%。1月份净投放现 金5191亿元。 存款方面，1月末，本外币存款余额344.46万亿元，同比增长10.1%。月末人民币存款余额336.77万亿 元，同比增长9.9%。1月份人民币存款增加8.09万亿元。其中，住户存款增加2.13万亿元，非金融企业 存款增加2.61万亿元，财政性存款增加1.55万亿元，非银行业金融机构存款增加1.45万亿元。1月末，外 币存款余额1.1万亿美元，同比增长23.7%。1月份外币存款增加438亿美元。 央广网北京2月13日消息（记者 冯方）2月13日，央行发布2026年1月金融统计数据报告。 社融方面，初步统计，2026年1月末社会融资规模存量为449.11万亿元，同比增长8.2%。其中，对实体 经济发放的人民币贷款余额为273.3万亿元，同比增长6.1%；对实体经济发放的外币贷款折合人民币余 额为1.09万亿元，同比下降12.1%；委托贷款余额为11.3万亿元，同比增长0.2%；信托贷款余额 ...

央行数据显示，1月份人民币存款增加8.09万亿元。其中，住户存款增加2.13万亿元，非金融企业存款增 加2.61万亿元，财政性存款增加1.55万亿元，非银行业金融机构存款增加1.45万亿元。 以下为全文： 一、社会融资规模存量同比增长8.2% 初步统计，2026年1月末社会融资规模存量为449.11万亿元，同比增长8.2%。其中，对实体经济发放的 人民币贷款余额为273.3万亿元，同比增长6.1%；对实体经济发放的外币贷款折合人民币余额为1.09万 亿元，同比下降12.1%；委托贷款余额为11.3万亿元，同比增长0.2%；信托贷款余额为4.67万亿元，同 比增长7%；未贴现的银行承兑汇票余额为2.78万亿元，同比增长6.7%；企业债券余额为34.69万亿元， 同比增长6.1%；政府债券余额为95.9万亿元，同比增长17.3%；非金融企业境内股票余额为12.23万亿 元，同比增长3.9%。从结构看，1月末对实体经济发放的人民币贷款余额占同期社会融资规模存量的 60.9%，同比低1.2个百分点；对实体经济发放的外币贷款折合人民币余额占比0.2%，同比低0.1个百分 点；委托贷款余额占比2.5%，同比低0.2个百分 ...

Group 1 - The total social financing scale at the end of January 2026 was 449.11 trillion yuan, showing a year-on-year growth of 8.2% [1] - The balance of RMB loans to the real economy was 273.3 trillion yuan, with a year-on-year increase of 6.1% [1] - The balance of foreign currency loans to the real economy, converted to RMB, was 1.09 trillion yuan, reflecting a year-on-year decrease of 12.1% [1] Group 2 - The increment of social financing in January 2026 was 7.22 trillion yuan, which is 166.2 billion yuan more than the same period last year [3] - The increase in RMB loans to the real economy was 4.9 trillion yuan, which is 317.8 billion yuan less than the previous year [3] - The net financing of government bonds was 9.764 trillion yuan, an increase of 283.1 billion yuan year-on-year [3] Group 3 - The broad money supply (M2) at the end of January was 347.19 trillion yuan, with a year-on-year growth of 9% [4] - The narrow money supply (M1) was 117.97 trillion yuan, showing a year-on-year increase of 4.9% [4] - The cash in circulation (M0) was 14.61 trillion yuan, with a year-on-year growth of 2.7% [4] Group 4 - The total deposits in RMB at the end of January were 336.77 trillion yuan, reflecting a year-on-year increase of 9.9% [5] - In January, RMB deposits increased by 8.09 trillion yuan, with household deposits rising by 2.13 trillion yuan [5] - The balance of foreign currency deposits was 1.1 trillion USD, showing a year-on-year growth of 23.7% [5] Group 5 - The total balance of loans in RMB and foreign currency at the end of January was 280.59 trillion yuan, with a year-on-year growth of 6% [6] - In January, RMB loans increased by 4.71 trillion yuan, with household loans rising by 456.5 billion yuan [6] - The balance of foreign currency loans was 57.01 billion USD, reflecting a year-on-year increase of 6.6% [6] Group 6 - The total transaction volume in the interbank RMB market in January was 211.96 trillion yuan, with a daily average transaction of 10.09 trillion yuan, a year-on-year increase of 36.1% [7] - The weighted average interest rate for interbank borrowing was 1.4%, which is 0.04 percentage points higher than the previous month [7] - The weighted average interest rate for pledged bond repos was 1.43%, which is 0.03 percentage points higher than the previous month [7] Group 7 - The cross-border RMB settlement amount under the current account in January was 1.49 trillion yuan, with goods trade accounting for 1.19 trillion yuan [8] - The cross-border RMB settlement amount for direct investment was 0.78 trillion yuan, with foreign direct investment accounting for 0.51 trillion yuan [8]

人民财讯2月13日电，央行发布2026年1月金融统计数据报告，初步统计，2026年1月份社会融资规模增 量为7.22万亿元，比上年同期多1662亿元。其中，对实体经济发放的人民币贷款增加4.9万亿元，同比少 增3178亿元；对实体经济发放的外币贷款折合人民币增加468亿元，同比多增860亿元；委托贷款减少 192亿元，同比多减641亿元；信托贷款减少4亿元，同比多减627亿元；未贴现的银行承兑汇票增加6293 亿元，同比多增1639亿元；企业债券净融资5033亿元，同比多579亿元；政府债券净融资9764亿元，同 比多2831亿元；非金融企业境内股票融资291亿元，同比少182亿元。 ...

【纠错】 【责任编辑:赵阳】 中国人民银行的数据显示，1月末，人民币贷款余额276.62万亿元，同比增长6.1%。1月份人民币贷款增 加4.71万亿元。分部门看，住户贷款增加4565亿元；企（事）业单位贷款增加4.45万亿元，其中中长期 贷款增加3.18万亿元。（记者吴雨、任军） 中国人民银行2月13日发布的金融统计数据报告显示，2026年1月份社会融资规模增量为7.22万亿元，比 上年同期多1662亿元，创历史同期新高。 ...