CCTV News: The People’s Bank of China released financial data for February yesterday (March 10). Among them, the new credit scale, the new social financing scale, the new money supply and other data exceeded market expectations, reflecting the financing of the real economy. Demand is relatively strong, and credit supply and demand are both booming.
At the end of February, the balance of broad money M2 was 223.6 trillion yuan, a year-on-year increase of 10.1%, and the growth rate was 0.7 and 1.3 percentage points higher than the end of the previous month and the same period of the previous year, respectively. Net cash invested in the month was 229.9 billion yuan.
RMB loans increased by 1.36 trillion yuan in February, an increase of 452.9 billion yuan year-on-year. RMB deposits increased by 1.15 trillion yuan in February, an increase of 129.4 billion yuan year-on-year.
At the end of February, the stock of social financing was 291.36 trillion yuan, a year-on-year increase of 13.3%.
According to preliminary statistics, the increase in the scale of social financing in February was 1.71 trillion yuan, 839.2 billion yuan more than the same period last year. Among them, RMB loans to the real economy increased by 1.34 trillion yuan, a year-on-year increase of 621.1 billion yuan.