According to the Huatai Securities Research Report, the increase in new social finance other than government debt continued to decrease year-on-year in September, indicating that the real economy's demand for financing is still weak. However, as the steady growth policy continued to gain strength since September 24, high-frequency data showed a recovery in real estate demand. At the same time, monetary policy is expected to remain loose, and the central bank may increase base currency investment by buying treasury bonds and structural monetary policy tools, while fiscal policy expansion is also expected to increase. As a result, the growth rate of social finance is expected to pick up steadily in the short term.

According to the Huatai Securities Research Report, the increase in new social finance other than government debt continued to decrease year-on-year in September, indicating that the real economy's demand for financing is still weak. However, as the steady growth policy continued to gain strength since September 24, high-frequency data showed a recovery in real estate demand. At the same time, monetary policy is expected to remain loose, and the central bank may increase base currency investment by buying treasury bonds and structural monetary policy tools, while fiscal policy expansion is also expected to increase. As a result, the growth rate of social finance is expected to pick up steadily in the short term.