Financials Jun 13, 2021 09:40 AM (GMT+8) · EqualOcean
According to the financial statistics released by the people's Bank of China, at the end of May, the balance of broad money (M2) was 227.55 trillion yuan, an increase of 8.3% over the same period last year. RMB loans increased by 1.5 trillion yuan in the current month, and the scale of social financing increased by 1.92 trillion yuan. Experts believe that monetary and credit support for the real economy continued to remain stable in May. Wen bin, chief researcher of China Minsheng Bank, believes that under the situation of rapid decline of new RMB loans last month, the scale and structure of new RMB loans in May were relatively stable, slightly exceeding market expectations, reflecting the continued support of credit to the real economy.
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