Financial total rise marginal slowdown After squeezing the water, the quality and efficiency of financial support will be improved

Jinshi data news on September 13th, affected by factors such as weak effective financing demand and ‘squeezing water’ in financial data, the total financial amount in August rose marginally slowed down. Financial data released by the Central Bank on September 13th showed that at the end of August, the balance of Broad Money (M2) was 305.05 trillion yuan, a rise of 6.3% year-on-year; in the first eight months, RMB loans increased by 14.43 trillion yuan; preliminary statistics show that the incremental scale of social financing in the first eight months was 2.19 trillion yuan, 33.2 billion yuan less than the same period last year. Analysts said that as a leading indicator of loan distribution, there is also a shortage of loan project reserves. However, at the same time, the Interest Rate for corporate and household loans continued to decline, reducing the burden of Interest on operating entities. Looking ahead, the rectification of manual subsidy and other ‘squeezing water’ work is nearing completion, and the quality and efficiency of Financial Services will continue to improve, providing stable support for the development of the real economy.