On May 14, data released by the People's Bank of China showed that in April, the weighted average interest rate of newly issued loans of enterprises was about 3.2%, about 50 basis points lower than the same period last year; the weighted average interest rate of newly issued loans of individual housing was about 3.1%, about 55 basis points lower than the same period last year, both at historical lows.
The financial statistics released on the same day also showed that my country's RMB loans increased by 10.06 trillion yuan in the first four months, and its efforts to support the real economy are stable. At the end of April, the balance of broad money (M2) was 325.17 trillion yuan, an increase of 8% year-on-year. Liquidity remained abundant, and the growth rate of social financing scale continued to accelerate.
