CCTV News: On April 13, the People's Bank of China released the main financial data. In the first quarter, the increase in social financing scale exceeded 15 trillion yuan, and new loans were 9.78 trillion yuan. At the end of March, the balance of broad money M2 increased by 7% year-on-year. Overall, in the first quarter, the total financial volume maintained a reasonable growth, and the growth rate of major indicators rebounded. The data shows that finance maintains solid support for the real economy, and also reflects the continued recovery of demand for the real economy. The growth rate of major financial indicators rebounded, and the efforts to support the real economy were stable

At the end of March, the stock of social financing was about 423 trillion yuan, an increase of 8.4% year-on-year, and the growth rate accelerated. The balance of broad currency M2 is approximately 326 trillion yuan, an increase of 7% year-on-year, and the growth rate is basically stable. In the first quarter, RMB loans increased by 9.78 trillion yuan, and finance continued to maintain solid support for the real economy. Multiple factors jointly promote the recovery of loan growth in March

Experts analyzed that while the financial system increases monetary and credit supply, the capital demand of enterprises and residents has shown more positive changes, jointly promoting the recovery of loan growth in March.

Dong Ximiao, chief researcher of the China Merchants Union, introduced that at the same time, the construction of major projects is also accelerating the implementation, and the number of major projects above the 10 billion yuan level has increased. These positive factors are reflected in the credit market and are reflected in the recovery of effective financing demand. The policy "combination punch" has been put in place, and personal housing loans have grown rapidly

Since 2025, the "combination punch" of real estate policies has continued to be implemented and shown results. There have been positive changes in real estate market transactions and social confidence, and the recovery trend of some cities is relatively obvious.

In March, the activity of new and second-hand housing transactions in many cities increased significantly. The overall second-hand housing transaction area in 30 key cities increased by more than 20% year-on-year, and the recovery in transactions has led to an increase in the issuance of personal housing loans. Actively help boost consumption, consumer loan growth trend is improving

At the same time, the financial system actively helps boost consumption, and consumer loan growth trend is improving. As of the end of February, ICBC had issued more than 1.7 trillion yuan in personal consumption loans, and the balance of personal consumption loans of Agricultural Bank of China increased by 16.9 billion yuan compared with the beginning of the year. Major banks have also better met residents' consumer credit needs by enriching financial products and providing convenient services. Large banks are expected to leverage the 4 trillion credit increment

At the end of March, the Ministry of Finance issued an announcement stating that the first batch of special treasury bonds will be issued in 2025, actively supporting many large state-owned banks to supplement core tier 1 capital.

Dong Ximiao said that replenishing capital for large state-owned banks can thicken bank security cushions and better meet international regulatory requirements. At the same time, it will further enhance its ability to serve the real economy and is expected to leverage a 4 trillion yuan credit increase in the future. Financial support for the "two-fold" and "two-new" policies has been put into effect

Experts said that with the help of finance, the "two-fold" and "two-new" policies have continued to drive demand, boosting the orderly implementation of special actions to consume, and breakthroughs have been achieved in new fields such as artificial intelligence. From "live water" to vitality, the credit structure has been continuously optimized, adding impetus to China's economic development.