Core Insights - The total social financing scale increment for the first seven months of 2025 reached 23.99 trillion yuan, an increase of 5.12 trillion yuan compared to the same period last year [1] Summary by Category Loans to the Real Economy - The increase in RMB loans to the real economy was 12.31 trillion yuan, which is a year-on-year decrease of 694 billion yuan [1] - Foreign currency loans to the real economy decreased by 725 billion yuan, a year-on-year reduction of 245 billion yuan [1] Other Financing Methods - Entrusted loans decreased by 689 billion yuan, with a year-on-year increase of 116 billion yuan [1] - Trust loans increased by 159.2 billion yuan, but this represents a year-on-year decrease of 148 billion yuan [1] - Undiscounted bank acceptance bills decreased by 219.6 billion yuan, a year-on-year reduction of 124.3 billion yuan [1] Corporate and Government Financing - Net financing from corporate bonds was 1.43 trillion yuan, a year-on-year decrease of 184.9 billion yuan [1] - Net financing from government bonds reached 8.9 trillion yuan, which is an increase of 4.88 trillion yuan compared to the previous year [1] - Domestic stock financing for non-financial enterprises amounted to 221.2 billion yuan, an increase of 76.7 billion yuan year-on-year [1]

Core Insights - The central bank's financial data report for July 2025 indicates a significant increase in monetary supply and social financing, reflecting improved market confidence and economic activity [1] Monetary Supply - As of the end of July, M2 balance reached 329.94 trillion yuan, with a year-on-year growth of 8.8%, an increase of 0.5 percentage points from the previous month [1] - M1 balance stood at 111.06 trillion yuan, showing a year-on-year growth of 5.6%, up by 1 percentage point from last month [1] - M0 balance experienced a year-on-year growth of 11.8% [1] Social Financing - The cumulative increase in social financing for the first seven months of 2025 was 23.99 trillion yuan, which is 5.12 trillion yuan more than the same period last year [1] - In July, the social financing increment was 1.13 trillion yuan, exceeding last year's figure by 361.3 billion yuan [1] Loans and Deposits - During the first seven months, new RMB loans increased by 12.87 trillion yuan [1] - New RMB deposits rose by 18.44 trillion yuan [1] Efficiency of Fund Circulation - The difference in growth rates between M1 and M2 was 3.2 percentage points, significantly narrowing compared to the peak in September of the previous year, indicating improved fund circulation efficiency [1] - Experts suggest that the narrowing "scissors difference" between M1 and M2 reflects enhanced liquidity and market confidence, aligning with the trend of economic recovery [1]

#数据 中国7月金融数据：M2货币供应年率8.8%，预期8.3%，前值8.3%；M1年率5.6%，预期5.2%，前值4.6%；M0年率11.8%，前值12%。前7个月社会融资规模增量为23.99万亿元（7月新增社会融资1.16万亿），同比多5.12万亿元；人民币贷款增加12.31万亿元（7月减430亿，为2005年以来7月首负），同比少694亿元。 ...

风险提示及免责条款 中国1至7月社会融资规模增量 239900亿人民币，前值 228300亿人民币。 市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何 意见、观点或结论是否符合其特定状况。据此投资，责任自负。 ...

#数据 中国6月金融数据：M2货币供应年率8.3%，预期8.1%，前值7.9%；M1年率4.6%，预期2.8%，前值2.3%；M0年率12%，前值12.1%。前6个月社会融资规模增量为22.83万亿元（6月新增社会融资4.2万亿），同比多4.74万亿元；人民币贷款增加12.74万亿元（6月新增人民币贷款2.36万亿），同比多2796亿元。 https://t.co/WClyM0o8DB ...

Group 1 - The total social financing scale increment in China from January to May is 18.63 trillion RMB, an increase from the previous value of 16.34 trillion RMB [1] - The new RMB loans added in China from January to May amount to 10.68 trillion RMB, up from the previous value of 10.06 trillion RMB [1]

Core Insights - In May, China's new social financing scale reached 18.63 trillion yuan, slightly below the expected 18.67 trillion yuan and higher than the previous value of 16.34 trillion yuan [1] Summary by Categories - **Social Financing Scale** - The new social financing scale for May 2023 is reported at 18.63 trillion yuan [1] - The expected figure was 18.67 trillion yuan, indicating a minor shortfall [1] - The previous month's value was 16.34 trillion yuan, showing an increase compared to the prior period [1]

Group 1 - The total social financing scale increment in China for March reached 1.518 trillion yuan, exceeding the expected 1.425 trillion yuan and significantly higher than the previous value of 929 billion yuan [1]

中国央行： 初步统计，2025年一季度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。 ...