In July, 1.01 trillion yuan of new social finance was added, less than half of that in June.

category:Finance
 In July, 1.01 trillion yuan of new social finance was added, less than half of that in June.


Specifically, in terms of sub-sectors, household sector loans increased by 511.2 billion yuan, including 69.5 billion yuan for short-term loans and 44.7 billion yuan for medium-term and long-term loans; 297.4 billion yuan for loans from non-financial enterprises and organs, including 219.5 billion yuan for short-term loans, 367.8 billion yuan for medium-term and long-term loans and 128.4 billion yuan for bill financing; Loans from non-banking financial institutions increased by 232.8 billion yuan.

At the Symposium on credit restructuring and optimization of banking financial institutions held at the end of July, the central bank asked banks to increase the proportion of medium-term and long-term loans and credit loans in manufacturing industry in the following credit investment. Focusing on the high-quality development of manufacturing industry, we should implement the policy of supporting, controlling and differentiating credit. Reasonably arrange the loan term and repayment methods, increase the medium and long-term loans of manufacturing industry; at the same time, maintain the reasonable and moderate growth of personal housing loans, strictly prohibit the illegal use of consumer loans for house purchasing, strengthen the management of funds flowing into real estate through bank financing, entrusted loans and other channels, and strengthen the financing of large-scale housing enterprises with high-leverage operation. The supervision and risk hints of capital behavior should reasonably control the scale of interest-bearing liabilities and the ratio of assets to liabilities.

Compared with the new Renminbi loans, the performance of social financing scale is even worse than the market expectations, less than half of the 2.26 trillion yuan in July.

According to preliminary statistics, the increase of social financing in July was 1.01 trillion yuan, 21.3 billion yuan less than the same period last year, the lowest level this year, next only to 710 billion yuan in February. Among them, entrusted loans, trust loans and non-discounted bank acceptance bills all decreased significantly in July.

Among them, RMB loans to the real economy increased by 808.6 billion yuan, an increase of 477.5 billion yuan less than the previous year; foreign currency loans to the real economy decreased by 221 billion yuan, a decrease of 55.2 billion yuan; entrusted loans decreased by 98.7 billion yuan, a decrease of 37 billion yuan more than the previous year; trust loans decreased by 67.6 billion yuan, a decrease of 52.9 billion yuan less than the previous year; Current bank acceptance bills decreased by 456.3 billion yuan, an increase of 181.9 billion yuan over the previous year; net corporate bond financing by 224 billion yuan, an increase of 7 billion yuan over the previous year; net local government special bond financing by 438.5 billion yuan, an increase of 253.4 billion yuan over the previous year; and domestic stock financing by non-financial enterprises by 59.3 billion yuan, an increase of 41.8 billion yuan over the previous year. M2, which represents broad liquidity, and M1, which reflects the activity of enterprises, also declined year-on-year. Data from the central bank show that at the end of July, the balance of broad money (M2) was 191.94 trillion yuan, up 8.1% year-on-year, 0.4 percentage points lower than that at the end of last month and the same period last year; the balance of narrow money (M1) was 55.3 trillion yuan, up 3.1% year-on-year; the growth rate was 1.3 and 2 percentage points lower than that at the end of last month and the same period last year; and the balance of medium currency (M0) in circulation was 7.2%. 7 trillion yuan, an increase of 4.5% over the same period last year. The net cash put in that month was 10.8 billion yuan. Source: Liu Song_NBJ9949

Among them, RMB loans to the real economy increased by 808.6 billion yuan, an increase of 477.5 billion yuan less than the previous year; foreign currency loans to the real economy decreased by 221 billion yuan, a decrease of 55.2 billion yuan; entrusted loans decreased by 98.7 billion yuan, a decrease of 37 billion yuan more than the previous year; trust loans decreased by 67.6 billion yuan, a decrease of 52.9 billion yuan less than the previous year; Current bank acceptance bills decreased by 456.3 billion yuan, an increase of 181.9 billion yuan over the previous year; net corporate bond financing by 224 billion yuan, an increase of 7 billion yuan over the previous year; net local government special bond financing by 438.5 billion yuan, an increase of 253.4 billion yuan over the previous year; and domestic stock financing by non-financial enterprises by 59.3 billion yuan, an increase of 41.8 billion yuan over the previous year.

M2, which represents broad liquidity, and M1, which reflects the activity of enterprises, also declined year-on-year.