On October 14, the People's Bank of China disclosed the financial statistics report for the first three quarters. At the end of September, the broad monetary balance was 309.48 trillion yuan, up 6.8% year on year. Market experts believe that the steady recovery in M2 growth is the result of a combination of factors. The recent introduction and implementation of a package of incremental policies has provided clear support for the restoration of market confidence. In particular, the return of wealth management funds to deposits has supported the growth of total monetary volume. According to preliminary statistics, the social financing scale stock at the end of September 2024 was 402.19 trillion yuan, an increase of 8% over the previous year. Among them, the balance of RMB loans issued to the real economy was 250.87 trillion yuan, an increase of 7.8% over the previous year. Market experts analyzed that the financial industry's value-added accounting method last year was mainly based on the estimation method of deposit and loan growth. In order to promote regional economic growth, some local governments supervised financial institutions to increase loan investment, resulting in a high loan base. With the optimization and adjustment of value-added accounting methods in the financial industry, this phenomenon has been significantly reduced since this year.

On October 14, the People's Bank of China disclosed the financial statistics report for the first three quarters. At the end of September, the broad monetary balance was 309.48 trillion yuan, up 6.8% year on year. Market experts believe that the steady recovery in M2 growth is the result of a combination of factors. The recent introduction and implementation of a package of incremental policies has provided clear support for the restoration of market confidence. In particular, the return of wealth management funds to deposits has supported the growth of total monetary volume. According to preliminary statistics, the social financing scale stock at the end of September 2024 was 402.19 trillion yuan, an increase of 8% over the previous year. Among them, the balance of RMB loans issued to the real economy was 250.87 trillion yuan, an increase of 7.8% over the previous year. Market experts analyzed that the financial industry's value-added accounting method last year was mainly based on the estimation method of deposit and loan growth. In order to promote regional economic growth, some local governments supervised financial institutions to increase loan investment, resulting in a high loan base. With the optimization and adjustment of value-added accounting methods in the financial industry, this phenomenon has been significantly reduced since this year.