4月13日，央行公布2025年3月以及一季度金融统计数据报告。 一、广义货币增长7% 3月末，广义货币(M2)余额326.06万亿元,同比增长7%。狭义货币(M1)余额113.49万亿元,同比增长 1.6%。流通中货币(M0)余额13.07万亿元,同比增长11.5%。一季度净投放现金2498亿元。 二、一季度人民币贷款增加9.78万亿元 3月末，本外币贷款余额269.26万亿元，同比增长6.9%。月末人民币贷款余额265.41万亿元，同比增 长7.4%。 一季度人民币贷款增加9.78万亿元。分部门看，住户贷款增加1.04万亿元，其中，短期贷款增加1603 亿元，中长期贷款增加8832亿元；企（事）业单位贷款增加8.66万亿元，其中，短期贷款增加3.51万 亿元，中长期贷款增加5.58万亿元，票据融资减少5442亿元；非银行业金融机构贷款减少866亿元。 3月末，外币贷款余额5357亿美元，同比下降20.1%。一季度外币贷款减少64亿美元。 六、一季度经常项下跨境人民币结算金额为3.96万亿元，直接投资跨境人民币结算金额为2.09万亿元 三、一季度人民币存款增加12.99万亿元 一季度，经常项下跨境人民币结算金 ...

4月1 3日1 7时左右，央行披露 2 0 2 5年3月金融统计数据报告。 来看详情： 一、广义货币增长7% 3月末，广义货币(M2 )余额3 2 6 . 0 6万亿元,同比增长7%。狭义货币(M1 )余额11 3 . 4 9万亿元,同 比增长1 . 6%。流通中货币(M0 )余额1 3 . 0 7万亿元,同比增长11 . 5%。一季度净投放现金2 4 9 8亿 元。 二、一季度人民币贷款增加9 . 7 8万亿元 一季度银行间人民币市场以拆借、现券和回购方式合计成交4 3 1 . 3 9万亿元，日均成交7 . 3 1万 亿元，日均成交同比下降1 7 . 7%。其中，同业拆借日均成交同比下降3 8 . 8%，现券日均成交同 比下降4 . 5%，质押式回购日均成交同比下降1 9 . 6%。 3月份同业拆借加权平均利率为1 . 8 5%，分别比上月和上年同期低0 . 1个和0 . 0 3个百分点。质押 式回购加权平均利率为1 . 8 7%，分别比上月和上年同期低0 . 1 3个和0 . 0 4个百分点。 五、国家外汇储备余额3 . 2 4万亿美元 3月末，国家外汇储备余额为3 . 2 4万亿美元。3月末，人民币汇率 ...

央行：3月末我国社会融资规模存量为422.96万亿元，同比增长8.4%，处于近一年来的高位水平 智通财经4月13日电，央行数据显示，3月末，我国社会融资规模存量为422.96万亿元，同比增长8.4%， 处于近一年来的高位水平。一季度我国社会融资规模增量累计为15.18万亿元，比上年同期多2.37万亿 元，我国人民币贷款增加9.78万亿元，信贷结构亮点突出，贷款利率保持在历史低位水平，对实体经济 保持稳固支持。 ...

Group 1 - The central bank reported an increase of 9.78 trillion yuan in RMB loans for the first quarter [1] - Household loans increased by 1.04 trillion yuan, with short-term loans rising by 160.3 billion yuan and medium to long-term loans increasing by 883.2 billion yuan [1] - Corporate loans increased by 8.66 trillion yuan, with short-term loans rising by 3.51 trillion yuan and medium to long-term loans increasing by 5.58 trillion yuan; however, bill financing decreased by 544.2 billion yuan [1] - Non-bank financial institution loans decreased by 86.6 billion yuan [1]

Investment Rating - The industry rating is "Overweight," indicating an expected increase of over 10% relative to the benchmark index in the next 6 to 12 months [12]. Core Insights - The financial data for February shows a significant increase in social financing, driven by government bond financing, particularly the accelerated issuance of local government special bonds [5][6]. - The total social financing in February amounted to 22,333 billion yuan, reflecting a year-on-year increase of 7,374 billion yuan [5]. - The net financing from government bonds reached 16,967 billion yuan, a year-on-year increase of 10,956 billion yuan, indicating strong government support for financing [5][6]. - The report highlights a notable decline in household loans, with a reduction of 3,891 billion yuan in February, suggesting fluctuations in consumer demand and home-buying intentions [4][5]. Summary by Sections Financial Data Overview - The social financing stock grew by 8.19% year-on-year in February, with a notable increase in local government special bond issuance [3][5]. - The total new RMB loans in February were 10,100 billion yuan, a decrease of 4,400 billion yuan year-on-year [3][4]. Loan Breakdown - Household loans decreased by 3,891 billion yuan, while corporate loans increased by 10,400 billion yuan, indicating a shift in lending dynamics [4][5]. - Short-term loans for enterprises showed a year-on-year increase, while medium to long-term loans decreased, reflecting varying demand across sectors [4][5]. Deposits and Savings - Total RMB deposits increased by 44,200 billion yuan in February, with a year-on-year increase of 34,600 billion yuan, indicating strong deposit growth [7]. - Fiscal deposits also saw a significant increase, suggesting a slower pace of fiscal expenditure [7].