【金融监管总局：着力化解存量风险，坚决遏制增量风险，严守不"爆雷"底线】国家金融监督管理总局党委召开会议传 达学习中央经济工作会议精神，会议要求，全力支持完成2026年经济社会发展目标任务，为"十五五"开好局、起好步提 供有力金融支撑。有力有序防范化解重点领域风险。坚定履行风险防控首位主责，着力化解存量风险，坚决遏制增量风 险，严守不"爆雷"底线。巩固拓展改革化险成果，深入推进中小金融机构减量提质。支持稳定房地产市场，进一步发挥 城市房地产融资协调机制作用，助力构建房地产发展新模式。指导银行保险机构按照市场化法治化原则，积极化解地方 政府融资平台金融债务风险。 MACD金叉信号形成，这些股涨势不错！ •周五（2025年12月12日），港股三大指数强势反弹，恒指一度重回两万六关口，恒科指数曾涨超2%。截止收盘，恒生 指数涨1.75%或446.28点，报25976.79点，全日成交额为2426.57亿港元；恒生国企指数涨1.62%，报9079.35点；恒生科 技指数涨1.87%，报5638.05点。全周来看，恒指累跌0.42%，国指累跌1.29%，恒科指数累跌0.43%。 【重要新闻】 【央行：11月末广义货币( ...

Group 1 - The core viewpoint of the article highlights the stable and substantial growth of financial metrics in China, with significant acceleration in M2 and a high level of social financing [1][2] - As of the end of April, the broad money supply M2 reached approximately 325 trillion yuan, reflecting a year-on-year growth of 8.0%, while the total social financing stock was about 424 trillion yuan, with a year-on-year increase of 8.7% [2] - Experts indicate that the acceleration in government bond issuance is a primary driving factor for this growth, supported by strong fiscal measures and a rapid pace of bond issuance aimed at expanding domestic demand and easing credit [3] Group 2 - Credit growth remains robust, with a total increase of 10.06 trillion yuan in various RMB loans from January to April, indicating strong support for the real economy [4] - The growth rate of RMB loans is significantly higher than the nominal economic growth rate, suggesting that the actual support from loans is even greater when accounting for local debt replacement effects [6] - The average interest rate for newly issued corporate loans was approximately 3.2%, down about 4 basis points from the previous month, while the average interest rate for new personal housing loans was around 3.1% [6] Group 3 - The credit structure has improved in April, with inclusive small and micro loans and medium to long-term loans for the manufacturing sector growing by 11.9% and 8.5% year-on-year, respectively, both exceeding the overall loan growth rate [7] - The allocation of credit has shifted significantly, with the proportion of loans to enterprises increasing from about 63% at the beginning of 2021 to approximately 68%, while the share of loans to residents decreased from around 37% to 32% [10] - From the perspective of enterprise types, the share of loans to small and micro enterprises rose from about 31% to 38%, while loans to large and medium-sized enterprises fell from around 69% to 62% [11]