Financials Jun 11, 2022 10:38 AM (GMT+8) · EqualOcean
According to the Research Report of CITIC Securities, with the support of credit and government bond financing, the growth rate of social finance in May was 10.5%, 0.3 percentage points higher than that of the previous month. Monetary policy continued to promote financial institutions to increase credit, and the total amount of credit improved in May. However, the credit structure remained poor, short-term loans and bill financing for enterprises were on the high side, and medium and long-term loans for residents and enterprises were on the low side. The fiscal tax rebate has made the M2 growth rate reach the highest in five years, but the low M1 growth rate may indicate that the enterprise funds are idle. It is expected that the growth rate of social finance will continue to maintain a moderate recovery in the coming months.

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