Source: China Financial Times
The financial statistics of May released by the People's Bank of China on June 14 showed that by the end of May, the balance of broad money (M2) was 301.85 trillion yuan, up 7% year on year; At the end of May, the balance of RMB loans increased by 9.3% year on year. RMB loans increased by 11.14 trillion yuan in the first five months, a high level in the same period of history; At the end of May, the stock of social financing scale was 391.93 trillion yuan, up 8.4% year on year. Market experts generally said that the total amount of financing increased steadily that month, the credit structure continued to optimize, and the interest rate remained low. The current credit growth rate is affected by the high credit base last year and some short-term disturbance factors, but the pace is more balanced, and the "real" support for business entities is further reflected. Overall, the quality and efficiency of financial support for the real economy have improved.
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