The data released by the People's Bank of China on Thursday (May 11) shows that in April, RMB loan increased by 718.8 billion yuan (the same below, about S $ 138.3 billion), and the scale of social financing increased by 122 trillion yuan.At the end of the month, the scale of social financing increased by 10%year -on -year, and at the same time, the general currency supply (M2) increased by 12.4%year -on -year.
According to the Wall Street Journal, loans and social finance increases have decreased compared to March.
It is reported that this further confirms that after the economy retaliated at the beginning of the year, the subsequent recovery motivation is insufficient, but this is also related to seasonal factors: due to the requirements of the assessment, banks generally will generally be at the end of the quarter, mid -year, and the end of the year.Sprint loan.
The renminbi loan increased by 3.89 trillion yuan in March, and the increase in social financing was 5.38 trillion yuan. At the end of the month, the stock of social financing increased by 10%year -on -year, and M2 increased by 12.7%year -on -year.
In January, RMB loans increased by 4.9 trillion yuan, breaking the highest historical high of 3.98 trillion yuan in January last year, a record high;History has a maximum of 6.18 trillion yuan, which is high in history; M2 increased by 12.6%year -on -year, a new high after April 2016 (12.8%).However, the scale of social financing increased by 9.4%year -on -year, slowing down for the fourth consecutive month.
In January, related data surged, mainly due to the release of epidemic prevention measures, China stabilized the infection period. Residents' lives and corporate production returned to normal, and the demand for real economy funds increased significantly.At the same time, there are also the concepts of banks' early investment and benefiting early "at the beginning of the year.
If compared with the low base of the same period last year, the new loan, social merger increase and M2 growth rate of new loans, social merges, and M2 will increase, but the growth rate of social finances has decreased slightly.
In April last year, the city was sealed in the city due to the crown disease epidemic, which led to a new loan and social federation increased cliff in the month.Among them, the new loan fell from the previous value of 3.13 trillion yuan to 645.4 billion yuan, and the increase in social financing increased from 4.65 trillion yuan to only 910.2 billion yuan.
In addition, in April, credit is far less than expected, and M2 is slightly lower than expected.
According to the survey of economists in the Wall Street Journal, China's new bank loans in April may fall to RMB 1.33 trillion, and M2 increased by 12.5%year -on -year.
The People's Bank of China announced at the same time that at the end of April, the narrow currency (M1) increased by 5.3%year -on -year, and the growth rate was 0.2 percentage points higher than the same period last month and the same period last year.
The M1 at the end of March increased by 5.1%year -on -year, and M0 increased by 11%year -on -year.
