炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 本报记者 刘 琪 2月13日，中国人民银行发布2026年1月份金融统计数据报告。数据显示，截至1月末，社会融资规模存 量为449.11万亿元，同比增长8.2%；人民币贷款余额276.62万亿元，同比增长6.1%；广义货币（M2） 余额347.19万亿元，同比增长9%。 业内专家对《证券日报》记者表示，1月末，社会融资规模存量同比增长8.2%、M2同比增长9%，明显 高于名义GDP增速，充分体现了适度宽松的货币政策状态，有力支持了年初经济平稳开局。 社融规模和M2较快增长 1月末，社会融资规模存量为449.11万亿元，同比增长8.2%；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。 1月末，M2余额347.19万亿元，同比增长9%。业内专家表示，1月末M2增速较上月有所走高，一方面是 存在一定的基数效应，2025年1月份M2新增约5万亿元，从近些年同期看，总体上是一个偏低的基数； 另一方面也与开年资本市场走势积极有关。随着基数因素逐步消除，M2走势会更趋平稳。 需求端显现回暖动能 1月末，人民币贷款余额276.62 ...

北京商报讯（记者 廖蒙）2月13日，人民银行发布2026年1月金融统计数据报告。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%。 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个百分点；信托贷款余额占比1%，同比低0.1个百分点；未贴现的银行承兑汇票余额占 比0.6%，同比持平；企业债券余额占比7.7%，同比低0.2个百分点；政府债券余额占比21.4%，同比高 1.7个百分点；非金融企业境内股票余额占比2.7%，同比低0.1个百分点。 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9 ...

2月13日金融一线消息，央行发布2026年1月金融统计数据报告。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%。 责任编辑：曹睿潼 2月13日金融一线消息，央行发布2026年1月金融统计数据报告。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 ...

每日经济新闻 每经AI快讯，2月13日，据央行数据，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%。 ...

风险提示及免责条款 中国央行：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%。 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。 ...

Core Insights - The central bank's report indicates that by the end of 2025, the total social financing scale reached 442.12 trillion yuan, reflecting a year-on-year growth of 8.3% [1] Group 1: Loan Statistics - The balance of RMB loans issued to the real economy was 268.4 trillion yuan, with a year-on-year increase of 6.3% [1] - The balance of foreign currency loans to the real economy, converted to RMB, was 1.05 trillion yuan, showing a year-on-year decline of 18% [1] - The balance of entrusted loans was 11.35 trillion yuan, marking a year-on-year growth of 1.3% [1] - The balance of trust loans reached 4.67 trillion yuan, with a year-on-year increase of 8.6% [1] - The balance of undiscussed bank acceptance bills was 2.15 trillion yuan, reflecting a year-on-year decline of 0.3% [1] - The balance of corporate bonds was 34.24 trillion yuan, with a year-on-year growth of 6% [1] - The balance of government bonds reached 94.92 trillion yuan, showing a year-on-year increase of 17.1% [1] - The balance of domestic stocks held by non-financial enterprises was 12.2 trillion yuan, reflecting a year-on-year growth of 4.1% [1] Group 2: Structural Analysis - By the end of 2025, RMB loans to the real economy accounted for 60.7% of the total social financing scale, down 1.1 percentage points year-on-year [2] - Foreign currency loans to the real economy represented 0.2% of the total, down 0.1 percentage points year-on-year [2] - Entrusted loans accounted for 2.6% of the total, down 0.1 percentage points year-on-year [2] - Trust loans maintained a share of 1.1%, unchanged year-on-year [2] - Undiscussed bank acceptance bills accounted for 0.5%, remaining stable year-on-year [2] - Corporate bonds represented 7.7% of the total, down 0.2 percentage points year-on-year [2] - Government bonds accounted for 21.5%, up 1.6 percentage points year-on-year [2] - Domestic stocks held by non-financial enterprises represented 2.8% of the total, down 0.1 percentage points year-on-year [2]

Group 1 - The core viewpoint of the article highlights the effectiveness of monetary policy in supporting the real economy, with significant growth in financial metrics observed in 2025 [1] - By the end of December 2025, the total social financing stock increased by 8.3% year-on-year, indicating robust financial support [1] - The broad money supply (M2) grew by 8.5% year-on-year, which is notably higher than the nominal economic growth rate, reflecting strong liquidity in the market [1]

Core Insights - The People's Bank of China reported that by the end of 2025, the total social financing scale is projected to reach 442.12 trillion yuan, reflecting a year-on-year growth of 8.3% [1] Summary by Category Loans to the Real Economy - The balance of RMB loans issued to the real economy is expected to be 268.4 trillion yuan, with a year-on-year increase of 6.3% [1] - The balance of foreign currency loans to the real economy, converted to RMB, is anticipated to be 10.5 billion yuan, showing a year-on-year decline of 18% [1] Other Financing Instruments - The balance of entrusted loans is projected to be 11.35 trillion yuan, marking a year-on-year growth of 1.3% [1] - The balance of trust loans is expected to reach 4.67 trillion yuan, with a year-on-year increase of 8.6% [1] - The balance of undiscussed bank acceptance bills is anticipated to be 2.15 trillion yuan, reflecting a year-on-year decrease of 0.3% [1] Corporate Bonds and Stocks - The balance of corporate bonds is projected to be 34.24 trillion yuan, with a year-on-year growth of 6% [1] - The balance of government bonds is expected to reach 94.92 trillion yuan, showing a year-on-year increase of 17.1% [1] - The balance of domestic stocks held by non-financial enterprises is anticipated to be 12.2 trillion yuan, reflecting a year-on-year growth of 4.1% [1]

Core Insights - The People's Bank of China reported that by the end of November 2025, the total social financing scale was 440.07 trillion yuan, reflecting a year-on-year growth of 8.5% [1] - The balance of RMB loans to the real economy reached 267.42 trillion yuan, with a year-on-year increase of 6.3% [1] - Foreign currency loans to the real economy, converted to RMB, amounted to 1.13 trillion yuan, showing a year-on-year decline of 16.5% [1] Summary by Category Social Financing Scale - The total social financing scale stood at 440.07 trillion yuan, with an 8.5% year-on-year increase [1] - The RMB loans to the real economy accounted for 60.8% of the total social financing scale, down 1.3 percentage points year-on-year [2] Loan Balances - RMB loans to the real economy: 267.42 trillion yuan, up 6.3% year-on-year [1] - Foreign currency loans (in RMB): 1.13 trillion yuan, down 16.5% year-on-year [1] - Entrusted loans: 11.32 trillion yuan, up 1% year-on-year [1] - Trust loans: 4.6 trillion yuan, up 7.4% year-on-year [1] - Undiscounted bank acceptance bills: 2.3 trillion yuan, up 0.4% year-on-year [1] - Corporate bonds: 34.08 trillion yuan, up 5.6% year-on-year [1] - Government bonds: 94.24 trillion yuan, up 18.8% year-on-year [1] - Non-financial corporate domestic stock: 12.14 trillion yuan, up 4% year-on-year [1] Proportional Analysis - The proportion of RMB loans to the real economy decreased by 1.3 percentage points to 60.8% [2] - The proportion of foreign currency loans remained stable at 0.3% [2] - The proportion of entrusted loans decreased by 0.2 percentage points to 2.6% [2] - The proportion of trust loans decreased by 0.1 percentage points to 1% [2] - The proportion of undiscounted bank acceptance bills decreased by 0.1 percentage points to 0.5% [2] - The proportion of corporate bonds decreased by 0.3 percentage points to 7.7% [2] - The proportion of government bonds increased by 1.8 percentage points to 21.4% [2] - The proportion of non-financial corporate domestic stock decreased by 0.1 percentage points to 2.8% [2]

Core Viewpoint - As of November 2025, the total social financing scale reached 440.07 trillion yuan, reflecting a year-on-year growth of 8.5% Group 1: Loan Statistics - The balance of RMB loans to the real economy was 267.42 trillion yuan, with a year-on-year increase of 6.3% [1] - The balance of foreign currency loans to the real economy, converted to RMB, was 1.13 trillion yuan, showing a year-on-year decline of 16.5% [1] - The balance of entrusted loans was 11.32 trillion yuan, marking a year-on-year growth of 1% [1] - The balance of trust loans was 4.6 trillion yuan, with a year-on-year increase of 7.4% [1] - The balance of undiscounted bank acceptance bills was 2.3 trillion yuan, reflecting a year-on-year growth of 0.4% [1] - The balance of corporate bonds was 34.08 trillion yuan, with a year-on-year increase of 5.6% [1] - The balance of government bonds was 94.24 trillion yuan, showing a year-on-year growth of 18.8% [1] - The balance of domestic stocks of non-financial enterprises was 12.14 trillion yuan, reflecting a year-on-year increase of 4% [1] Group 2: Structural Analysis - The RMB loans to the real economy accounted for 60.8% of the total social financing scale, down 1.3 percentage points year-on-year [2] - The foreign currency loans to the real economy accounted for 0.3%, remaining stable year-on-year [2] - The entrusted loans accounted for 2.6%, down 0.2 percentage points year-on-year [2] - The trust loans accounted for 1%, down 0.1 percentage points year-on-year [2] - The undiscounted bank acceptance bills accounted for 0.5%, down 0.1 percentage points year-on-year [2] - The corporate bonds accounted for 7.7%, down 0.3 percentage points year-on-year [2] - The government bonds accounted for 21.4%, up 1.8 percentage points year-on-year [2] - The domestic stocks of non-financial enterprises accounted for 2.8%, down 0.1 percentage points year-on-year [2]