原标题： 金融运行稳中提质 有力支持区域经济高质量发展 2025年大连社会融资规模新增618亿元创近8年新高 2月6日，中国人民银行大连市分行召开2026年一季度例行新闻发布会，介绍大连2025年金融运行与重点 金融政策落实情况。数据显示，2025年，大连社会融资规模新增618亿元，增量创近8年新高。资金投向 结构进一步优化，科技、绿色、普惠与养老产业贷款同比分别增长3.1%、9.1%、16.9%和25.3%。新发 放企业贷款加权平均利率2.91%，同比下降0.49个百分点，社会融资条件相对宽松。 适度宽松的货币政策精准发力。中国人民银行大连市分行充分发挥货币政策工具总量与结构双重功能， 加强信贷投放窗口指导，会同市委金融办等多部门指导金融机构有力满足重大项目融资需求。用好用足 各类结构性货币政策工具，办理支农支小再贷款、再贴现199.4亿元，惠及市场主体7700多户。辖区金 融机构发放符合碳减排支持工具、科技创新和技术改造再贷款、股票回购增持再贷款、服务消费与养老 再贷款等结构性货币政策工具要求的贷款127亿元，对重点领域与薄弱环节的信贷支持力度不断增强。 银行间债券市场融资增量提质。中国人民银行大连市分行 ...

适度宽松的货币政策精准发力。中国人民银行大连市分行充分发挥货币政策工具总量与结构双重功能， 加强信贷投放窗口指导，会同市委金融办等多部门指导金融机构有力满足重大项目融资需求。用好用足 各类结构性货币政策工具，办理支农支小再贷款、再贴现199.4亿元，惠及市场主体7700多户。辖区金 融机构发放符合碳减排支持工具、科技创新和技术改造再贷款、股票回购增持再贷款、服务消费与养老 再贷款等结构性货币政策工具要求的贷款127亿元，对重点领域与薄弱环节的信贷支持力度不断增强。 金融"五篇大文章"重点突破。搭建关于大连做好科技金融、绿色金融与养老金融的政策框架与评估实施 细则。一是把发展科技金融作为首要任务。构建"联创共赢计划""园区主办行"等特色制度，着力增强对 初创期科技型企业的综合服务能力。截至2025年底，大连科技型中小企业贷款同比增长31.8%。二是优 化首贷服务布局。新建西岗区、旅顺口区2家首贷中心，累计通过"首贷"服务模式发放贷款38.2亿元， 支持小微企业4900多家。三是强化资金流信息平台运用。全国中小微企业资金流信用信息共享平台上线 以来，在连接入试点银行18家，赋能信贷产品300多个，支持企业融资20 ...

天津社会融资规模同比多增，并呈现"三个多增、一个优化"的特点。2025年，社会融资规模累计增量为5384亿 元，同比多增464亿元，创有统计以来历史新高。"十四五"期间，社会融资规模保持在较高水平，累计增量和年均 增量分别为2.23万亿元和4451亿元，比"十三五"时期分别多2546亿元和509亿元。 具体来看，"三个多增"包括，表内各项贷款增加2054亿元，同比多增830亿元；表外信托贷款增加819亿元，同比 多增435亿元；企业直接融资424亿元，同比多增902亿元。"一个优化"体现为融资结构不断优化，直接融资持续处 于较高水平。全年企业和政府直接融资占比39.4%，同比上升2.7个百分点。其中，企业债券净融资占比7.7%，高 出全国平均水平1个百分点。 （津云新闻记者 马立杰） 天津北方网讯：2月5日，记者从中国人民银行天津市分行获悉，截至2025年末，存贷款增速稳中有进，信贷结构 持续优化，有力支持全市经济高质量发展。 数据显示，2025年末，全市各项存款余额5.06万亿元，较年初增加3279.58亿元，同比增长6.9%，"十四五"期间年 均增速为8.2%；同期，全市各项贷款余额4.84万亿元，较年初 ...

新华财经天津2月5日电（记者李亭）人民银行天津市分行金融统计数据显示，2025年，天津市社会融资 规模同比多增，存贷款增速稳中有进，信贷结构持续优化，有力支持经济高质量发展。 重点领域信贷支持更加有力。2025年末，全市科技贷款余额同比增长11.3%，绿色贷款较年初增长 21.2%，普惠小微企业贷款同比增长19.8%，农林牧渔业贷款同比增长10.1%，均呈现较快增长势头。 社会融资规模同比多增。2025年，天津社会融资规模累计增量为5384亿元，同比多增464亿元，创有统 计以来新高。"十四五"期间，社会融资规模保持在较高水平，累计增量和年均增量分别为2.23万亿元和 4451亿元，比"十三五"时期分别多2546亿元和509亿元。 此外，天津社会融资规模增量中直接融资占比近年来持续处于较高水平，融资结构不断优化。全年企业 和政府直接融资占比39.4%，同比上升2.7个百分点。其中，企业债券净融资占比7.7%，高出全国平均水 平1个百分点。 声明：新华财经（中国金融信息网）为新华社承建的国家金融信息平台。任何情况下，本平台所发布的 信息均不构成投资建议。 （文章来源：新华财经） 存款保持稳定较快增长。2025年 ...

1月30日，记者从2025年宁夏金融运行情况新闻发布会上获悉，去年，我区金融总量保持合理增长，存贷款规模稳步扩大，信贷投放重点突 出，服务高质量发展成效明显。截至去年末，全区人民币贷款余额10452.75亿元，人民币存款余额10915.08亿元、同比增长8.6%。 贷款保持平稳增长，截至去年末，全年新增贷款487.83亿元，同比多增82.95亿元。分期限看，全区中长期贷款余额6986.69亿元，全年新增 221.72亿元，同比多增16.21亿元，占各项贷款增量的45.5%，有力支持了我区重大项目建设和居民合理住房需求；短期贷款余额2502.15亿元， 全年新增163.20亿元，占各项贷款增量的33.5%，有效满足了企业和个人的短期流动资金需求。 存款增长小幅加快，截至去年末，全年新增存款983.89亿元，同比多增260.89亿元。分部门看，住户存款余额6710.68亿元，同比增长9.2%；机 关团体及财政性存款余额2370.31亿元，同比增长15.6%；非金融企业存款余额1605.27亿元，同比增长6.7%。 发布会现场 全区社会融资规模明显多增，2025年，全区社会融资规模增量为1256.05亿元，同比多增 ...

Summary of Key Points from the Conference Call Industry Overview - **Industry**: Chinese Banking Sector - **Date**: September 2025 Core Insights and Arguments 1. **Total Social Financing (TSF) and Loan Growth**: - New TSF in September 2025 was Rmb 3.5 trillion, a year-on-year decrease of Rmb -0.2 trillion compared to Rmb 3.8 trillion in September 2024, indicating a continued weakening trend observed since August [1][2] - New loans in September 2025 amounted to Rmb 1.3 trillion, a year-on-year decrease of Rmb -0.3 trillion [2] 2. **Retail and Corporate Loan Dynamics**: - Net new retail loans were Rmb 0.4 trillion, down Rmb -0.1 trillion year-on-year, primarily affected by a decline in short-term retail loans by -0.8% year-on-year, suggesting weak consumer demand despite subsidy policies [2] - Net new corporate loans were Rmb 1.2 trillion, a decrease of Rmb -0.3 trillion year-on-year, attributed to reduced credit demand due to anti-involution policies [2] 3. **Deposit Trends**: - New deposits totaled Rmb 2.2 trillion, a significant decrease from Rmb 3.7 trillion in September 2024 [3] - Retail deposits increased by Rmb 3 trillion, while deposits from non-bank financial institutions fell by Rmb -1 trillion [3] 4. **Monetary Indicators**: - Growth rates for M1 and M2 were reported at 7.2% and 8.4% respectively, with the M1-M2 gap narrowing by 1.6 percentage points, indicating improved fund activation [3] 5. **Impact on Net Interest Income (NII)**: - The slowdown in bank credit growth in Q3 suggests that net interest income is not expected to rebound rapidly, despite a narrower decline in Net Interest Margin (NIM) [2] 6. **Banking Sector Resilience**: - Banks with strong retail franchises (e.g., China Merchants Bank) or extensive branch networks (e.g., Agricultural Bank of China, Postal Savings Bank of China) may have better sustainability in stabilizing NIM due to their ability to maintain deposit growth while benefiting from declining deposit costs [3] Additional Important Insights - The contribution of net new government bond issuance to new TSF declined to 34% from 53% in August, reflecting a shift in financing sources [1] - The overall economic environment remains challenging, with consumption demand and corporate credit demand both showing signs of weakness [2][3] This summary encapsulates the key points discussed in the conference call regarding the current state of the Chinese banking sector, highlighting trends in financing, loans, deposits, and the implications for net interest income.

Core Insights - The financial data released by the People's Bank of China for May indicates reasonable growth in financial volume, effectively supporting the real economy [1] Group 1: Social Financing and Government Bonds - In May, the social financing scale increased by 2.29 trillion yuan, a year-on-year increase of 224.7 billion yuan, primarily driven by government and corporate bond financing [2] - The issuance of government bonds has accelerated, with net financing exceeding 3.8 trillion yuan in the first quarter, an increase of 2.5 trillion yuan compared to the same period last year [2] - The issuance of special refinancing bonds aimed at replacing hidden debts has been significant, contributing to the rapid growth of government bond financing in May [2] Group 2: Loan Growth Factors - The recent interest rate cuts have positively impacted loan demand, with many enterprises showing increased willingness to borrow due to lower rates [3] - External factors, such as trade negotiations leading to reduced tariffs, have also contributed to increased credit demand from foreign trade enterprises [3] - Personal loan growth reflects changes in economic activity, particularly in the real estate market, where mortgage lending has increased [3] Group 3: Financial Policy Effects - The comprehensive financial policies introduced by the central bank are beginning to show effects, with measures such as interest rate cuts and structural monetary policy tools being implemented [4] - The central bank is expected to continue using various monetary policy tools to maintain reasonable liquidity levels in the market [4] - Transparency in policy operations has been enhanced, which helps stabilize market expectations [4]

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - In February, the new social financing scale was 2.23 trillion yuan, an increase of 737.4 billion yuan year-on-year, with a year-on-year growth rate of 8.2%, up from 8.0% in the previous month [1][7] - The new RMB loans in February amounted to 1.01 trillion yuan, an increase of 201.6 billion yuan year-on-year [1][8] - M1 growth slowed to 0.1% year-on-year from 0.4% in the previous month, while M2 maintained a year-on-year growth rate of 7.0% [1][2] - Government bond financing was strong, with net financing of government bonds reaching 1.6967 trillion yuan in February, an increase of 1.0956 trillion yuan year-on-year [8][9] Summary by Sections Deposit Side - M1 decreased year-on-year, while M2 remained stable compared to the previous month, leading to a slight recovery in the M2/M1 ratio [2][7] - The M2 growth rate was maintained at 7%, while the (M2-M1)/M1 ratio increased from 1.83 in January to 1.93, indicating a continued loose monetary policy [2][7] Financing Side - Government bond financing was robust, with a projected broad deficit scale potentially reaching 12.5 trillion yuan this year, an increase from 11.3 trillion yuan in 2024 [8][9] - Corporate loan demand was weak, with new corporate loans in February at 1.04 trillion yuan, a decrease of 3.74 trillion yuan year-on-year, marking the lowest level for the same period in six years [8][9] - The balance of inclusive small and micro loans reached 33.43 trillion yuan, growing by 12.4% year-on-year, while medium to long-term loans in the manufacturing sector reached 14.48 trillion yuan, up 10.3% year-on-year [8][9] Resident Loans - In February, both medium to long-term and short-term resident loans decreased, with medium to long-term loans at their lowest level in nearly five years [9] - The decline in medium to long-term loans coincided with a recovery in the housing market, suggesting that early repayments or increased down payment ratios may have influenced this trend [9] Overall Economic Outlook - The financing data for February was primarily driven by government financing, with weak financing willingness from both residents and enterprises [9] - The current low interest rates may support a continued recovery in the real estate market, with a gradual improvement in consumer demand expected [9]