浙商证券（601878）首席经济学家李超预计，6月份人民币贷款新增1.9万亿元，同比少增2300亿元，对 应增速回落0.2个百分点至6.9%。 从新增社融来看，王青预计，6月份新增社融约4万亿元，在环比季节性增加的同时，同比也将多增。除 投向实体经济的新增贷款与上年同期基本持平外，6月份新增社融的主要支撑点仍是政府债券融资。在 今年更加积极的财政政策前置发力带动下，6月份政府债券继续处于发行高峰期，净融资规模比去年同 期增加约7000亿元。与此同时，央行降准带动市场利率下行，企业债券融资成本随之下降，6月份企业 债券融资规模同比、环比都将呈现多增。考虑到隐性债务置换对新增人民币贷款带来的扰动效应，当前 新增社融是观察金融对实体经济支持力度的主要指标。近期新增社融持续同比多增，存量社融增速加 快，是今年适度宽松的货币政策强化逆周期调节的具体体现。 从新增人民币贷款来看，东方金诚首席宏观分析师王青预计，6月份新增人民币贷款约2.1万亿元，环比 季节性大幅增加，同比基本持平。今年上半年"化债"置换债券密集发行，这意味着6月份隐性债务置换 规模依然较大，会继续下拉新增人民币贷款规模。不过，去年同期监管层治理资金空转， ...

Core Insights - The article highlights the successful financial support provided by the Suzhou Zhangjiagang Industrial and Commercial Bank to the Yongli Village agricultural cooperative, which faced a funding gap of 10 million yuan last year, enabling the expansion of their agricultural activities [1][2] - The bank's tailored financial solutions have not only resolved immediate funding issues but also stimulated rural revitalization efforts, transforming the cooperative into a comprehensive cultural and tourism base [1] Group 1 - The Yongli Village agricultural cooperative faced a funding shortfall of 10 million yuan last year, hindering its plans to expand the cultivation of vegetables and fruits [1] - The Suzhou Zhangjiagang Industrial and Commercial Bank provided a customized loan of 10 million yuan within days, allowing the cooperative to proceed with its agricultural activities in time for the spring planting season [1] - In May of the same year, the bank issued a 300,000 yuan credit loan to the cooperative's manager for purchasing live-streaming equipment, resulting in a doubling of crop yields compared to the previous year [1] Group 2 - The bank has cumulatively issued over 1.5 billion yuan in inclusive loans to more than 70 village-level cooperative societies in Zhangjiagang, financing nearly 40 million yuan for four land share cooperatives across various sectors including grain cultivation and rural tourism [2] - Future plans include enhancing business models and financial products to better meet the evolving needs of rural areas and farmers, aiming to create a model for comprehensive rural revitalization through financial services [2]