Bankers: The good credit data in January was influenced by the Spring Festival

February 14th news, market experts analysis, the growth rate of social financing scale continued to maintain a relatively fast level of 8%, on the one hand, thanks to the rapid growth of loans on the balance sheet, the RMB loans issued to the real economy in January increased by 379.30 billion yuan year-on-year; on the other hand, the government bond issuance speed has also formed an important support, the net financing of government bonds in January 693.30 billion yuan, more than 398.60 billion yuan year-on-year. Some bankers also reported that the better credit data in January was affected by the Spring Festival. This year's Spring Festival was advanced to January, and the demand for funds such as pre-holiday supply chain and project progress payment settlement, and employee compensation and bonus payment was released in advance to January. The demand for funds in February will decrease compared with the same period last year. From past experience, for the next month's data, it will be more reasonable to combine the observation with the January data, which can smooth out factors such as the Spring Festival effect.