In January, the credit release opened well! The scale of new loans is the highest in history! The growth rate of M2 and social finance rebounded, and M2 increased by 9.8% year-on-year, which was significantly better than expected, mainly due to the central bank's RRR cut and interest rate cut

In January, the credit release opened well! The scale of new loans is the highest in history!

M2 and social finance growth rebounded, M2 increased by 9.8% year-on-year, significantly better than expected, mainly due to the central bank's RRR cut, interest rate cut policy effect, off-balance sheet financing convergence, fiscal continued strength, obviously promoted credit creation, promote M2 year-on-year rise.

M1 Yu fell by 1.9% year-on-year, excluding the impact of the Spring Festival time factor, M1 increased by about 2% year-on-year. Lao Yang expects to recover to around 3.7 percent in March.

Overall, under the guidance of stability, steady progress, and economic policy, the financial environment continues to improve, which is good for cyclical stocks and the property market!