CCTV News: Data released by the People's Bank of China on May 14 showed that in April, the growth rate of major financial indicators accelerated significantly compared with the previous month, strongly supporting the real economy.
At the end of April, the stock of social financing was about 424 trillion yuan, an increase of 8.7% year-on-year; the balance of broad money (M2) was about 325 trillion yuan, an increase of 8.0% year-on-year, maintaining a high level. From January to April, various RMB loans increased by 10.06 trillion yuan.
The credit structure continues to improve, supporting the transformation of the economic structure. In April, inclusive small and micro loans and medium- and long-term loans in manufacturing increased by 11.9% and 8.5% year-on-year respectively, both higher than the growth rate of various loans during the same period.
The total amount of finance is growing, and financing costs are declining. In April, the average interest rate for newly issued loans of enterprises was about 3.2%, about 4 basis points lower than last month, maintaining a historical low.
