China News Agency, Beijing, March 10th (Reporter Xia Bin) The People's Bank of China announced data on the 10th that RMB loans increased by 1.81 trillion yuan (RMB, the same below) in February, an increase of 592.8 billion yuan year-on-year.
In terms of sectors, household loans increased by 208.1 billion yuan, of which short-term loans increased by 121.8 billion yuan, medium and long-term loans increased by 86.3 billion yuan; loans to enterprises (institutions) increased by 1.61 trillion yuan; loans to non-bank financial institutions increased by 17.3 billion yuan Yuan.
The data released on the same day also showed that at the end of February, the balance of broad money (M2) was 275.52 trillion yuan, a year-on-year increase of 12.9%, and the growth rate was 0.3 and 3.7 percentage points higher than the end of last month and the same period of last year respectively.
The narrow money (M1) increased by 5.8% year-on-year, and the money in circulation (M0) increased by 10.6% year-on-year.
The net return of cash in the month was 699.9 billion yuan.
Pang Ming, Chief Economist and Director of Research Department of Jones Lang LaSalle Greater China, believes that as the upward trend of the macro economy is further consolidated, the expectations of market players are stable, confidence is restored, and the endogenous economic momentum drives the demand for real financing to rise steadily , Continuous recovery.
All major banks reasonably grasped the pace and intensity of credit extension, made efforts in a moderately advanced manner, insisted on precise efforts, further optimized the credit structure, and added favorable factors such as more working days in February compared with the same period last year, which promoted a substantial increase in RMB loans in February Higher than the same period last year and market expectations, continuing the good start.
Zhou Maohua, a macro researcher of the Financial Market Department of Everbright Bank, said that the growth of new credit in February was stronger than expected, and the credit structure was optimized. The main contribution came from the simultaneous improvement of corporate and residential sector credit. The confidence of enterprises and residents has picked up, coupled with the resumption of work and production after the festival, the resumption of business and the market has accelerated, and the demand for credit has picked up.
At the same time, domestic infrastructure investment maintains a high level of prosperity, which has a significant effect on credit demand.
In addition, in February, bank credit continued to be positive, and continued to increase support for weak links in the real economy and key emerging areas such as manufacturing and infrastructure.
Zhou Maohua also said that on the whole, the year-on-year growth rate of M2 is slightly higher than the nominal GDP growth rate, reflecting that the current domestic monetary environment remains reasonable and moderate, and continues to provide strong support for economic recovery.
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