In January 2024, Chinese RMB loans showed a continued strong growth momentum, with an increase of nearly 492 trillion yuan, an increase of 16.2 billion yuan over the same period last year.
In the first month of the year, loan growth continued to be stable, providing stable financial support for the real economy.
At the end of the month, the stock of Chinese RMB loans was 2425 trillion yuan, an annual increase of 104%。
An in-depth study of each sector shows that in January, household loans increased by 980.1 billion yuan;
Loans to enterprises and institutions increased by 386 trillion yuan, and the increase in medium and long-term loans was 331 trillion yuan.
Economic development showed a positive trend, driving the demand of enterprises at the beginning of the year.
Driven by the flexible and moderate monetary policy of precise and effective monetary policy, the People's Bank of China has taken timely measures to reduce the reserve requirement ratio and interest rates, release policy dividends, and maintain liquidity through open market operations, which have effectively enhanced market confidence.
It is understood that at the end of January, the growth rate of green loans and inclusive small and micro loans was more than 30% and 15% respectively, both of which significantly exceeded the growth rate of full loans.
At the same time, the interest rates of many banks' corporate loans and personal housing loans have maintained a steady and declining trend, which has effectively boosted credit demand.
The currency** situation was solid.
Looking at the monetary sector, the broad money (M2) balance reached 297 at the end of January63 trillion yuan, a year-on-year increase of 87%。
At the same time, it is reassuring to note that the balance of narrow money (m1) is 6942 trillion yuan, an annual increase of 59%。
In addition, in January, China's RMB deposits increased by 548 trillion yuan, a year-on-year decrease of 139 trillion yuan, of which household deposits increased by 253 trillion yuan.
In terms of the overall indicator that comprehensively reflects financial support for the real economy, that is, the scale of social financing, the stock of China's social financing scale at the end of January was 38429 trillion yuan, an annual increase of 95%, with a total increment of 65 trillion yuan, 506.1 billion yuan more than the same period last year.
These data show that China's financial system continues to support the real economy.
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