Wen Bin: The overall scale of social financing has grown steadily, and the financial support for the real economy has remained stable

On June 14th, according to the financial statistics released by the People's Bank of China on the same day, Wen Bin, chief economist of China Minsheng Bank, believes that the new loans in May were close to one trillion yuan, a year-on-year decline, but not a lot in terms of total volume. At the same time, the overall scale of social financing has grown steadily, and the financial support for the real economy has remained stable. In particular, the pace of corporate and government bond issuance has accelerated recently, which has formed a stable support for the growth rate of social financing. Since the beginning of this year, M2 and RMB loans have generally slowed down. The People's Bank of China has expressed through various channels that the current monetary aggregate in our country is sufficient, the high growth rate of money and credit is unsustainable, and the demand for credit has "changed gears". In the future, the direction of policy regulation will pay more attention to