[acriminalwasteofspace 2023] Credit achieved a "good start" in January

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Financial data for January released by the central bank show that debt is off to...

Financial data for January released by the central bank show that debt is off to a "good start". According to the report, the broad currency balance (M2) at the end of January was 273.81 trillion yuan, an increase of 12.6% over the same period last year, which exceeded market expectations and previous value. RMB loans increased by 4.9 trillion yuan in January, up 922.7 billion yuan from a year ago. As of the end of January, the social finance scale reserve increased by 9.4% compared to the same period last year. solstice. over the past 10 years.


[acriminalwasteofspace 2023] Credit achieved a "good start" in January

In general, credit data and social finance data maintain good growth trends. What is expressed behind it is that since the beginning of the year, in the atmosphere of economic struggle from top to bottom across the country, precise measures and efforts have been taken to provide strong financial support to the local economy. As the real economy continues to grow thanks to financial soundness, market confidence is gradually improving.


The first quarter is generally considered the economic weather for the entire year. In early January of this year, the People's Bank of China and China Banking Insurance Regulatory Commission jointly held a symposium on the credit performance of major banks, clearly urging major banks to try to understand the pace of credit expansion wisely. Stable, improve credit structure, accurate and strong support for national economic and social development, major directions and weaknesses.



In recent years, credit support for key industries and vulnerable sectors of the real economy has been increasing, and the People's Bank of China is actively supporting it by providing special means of credit support such as technological innovation, transportation and logistics, and facility renewal. The effective needs of the production and service sectors, fully play the financial role of the policy, build supporting infrastructure and large-scale projects, and organize more physical work. Strong credit support has accelerated various economic stabilization measures, contributing to the development of the real economy.


The author believes that the "first meeting" of the Chinese New Year sent a signal that "the beginning of the year is the beginning of work, and the beginning of work requires hard work" in many parts of the country. target. It is worth emphasizing that the policy is in progress and contributes to the formation of a greater burden of manual labor, providing and striving. The economy opened steadily in the first quarter of this year.


Looking at the financial data for January, we can see that mid- to long-term lending to companies has increased. This indicates that companies' willingness to lend is rising and the financing needs of the real economy are growing. Data showed that 4.9 trillion yuan was added to credit in January, an increase of 922.7 billion yuan compared to a year ago. Of this, 4.68 trillion yuan came from the business sector, and new loans in January were 4.68 trillion yuan, up 1.32 trillion yuan from last year. Among them, medium and long-term loans increased by 3.5 trillion yuan, up 1.4 trillion yuan from a year ago, and short-term loans by 1.51 trillion yuan, or 500 billion yuan.


Data also showed that the manufacturing purchasing managers' index (PMI) returned to the expansion zone at 50.1% in January, both supply and demand improved, business confidence increased significantly, and the prosperity level of the manufacturing industry also increased significantly. .


The increase in medium- and long-term loans to enterprises shows that a series of policies and additional measures to help businesses recover and stabilize the economy remain in effect, and large-scale projects have increased. It laid the foundation for steady growth and economic development of medium- and long-term loans to enterprises and built a solid foundation.


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