According to an article on the front page of the China Securities News, data released by the People's Bank of China on September 14 shows that at the end of August, the social financing stock was 464.8 trillion yuan, up 7.2% year on year; the broad currency balance was 356.81 trillion yuan, up 7.5% year on year, all higher than the nominal GDP growth rate. Experts said that at present, China's total financial volume is growing reasonably, and social financing conditions continue to be relatively relaxed. Although the current financing structure has changed significantly, the expansion of total credit volume is not weak, and more attention should be paid to changes in the credit investment structure and market interest rates. At present, China's social financing scale and M2 growth rate are still above 7%, creating an appropriate monetary and financial environment for the economy to continue to improve and improve. Experts said that total credit expansion is not weak, but the structure has changed. Bond and stock financing is growing faster, and loan growth is relatively slow. According to the data, in the first eight months of this year, bond and stock financing increased to 50.31% of the increase in the scale of social financing, clearly surpassing the share of loans, which is nearly 20 percentage points higher than the same period five years ago. Among them, corporate bonds accounted for 11.67% of the increase in the scale of social financing, an increase of 5.8 percentage points over the same period last year.

According to an article on the front page of the China Securities News, data released by the People's Bank of China on September 14 shows that at the end of August, the social financing stock was 464.8 trillion yuan, up 7.2% year on year; the broad currency balance was 356.81 trillion yuan, up 7.5% year on year, all higher than the nominal GDP growth rate. Experts said that at present, China's total financial volume is growing reasonably, and social financing conditions continue to be relatively relaxed. Although the current financing structure has changed significantly, the expansion of total credit volume is not weak, and more attention should be paid to changes in the credit investment structure and market interest rates. At present, China's social financing scale and M2 growth rate are still above 7%, creating an appropriate monetary and financial environment for the economy to continue to improve and improve. Experts said that total credit expansion is not weak, but the structure has changed. Bond and stock financing is growing faster, and loan growth is relatively slow. According to the data, in the first eight months of this year, bond and stock financing increased to 50.31% of the increase in the scale of social financing, clearly surpassing the share of loans, which is nearly 20 percentage points higher than the same period five years ago. Among them, corporate bonds accounted for 11.67% of the increase in the scale of social financing, an increase of 5.8 percentage points over the same period last year.