In April, the growth rate of social finance was negative, and M1 fell by 1.4% year-on-year.

On May 11th, the people’s Bank of China released financial statistics and the scale of social financing in April: 730 billion yuan in new RMB loans in April, an increase of 11.

2 billion yuan over the same period last year.

the increase in social financing was-198.

7 billion yuan in April and 1.

22 trillion yuan in April last year.

At the end of April, the balance of broad money (M2) was 301.

19 trillion yuan, an increase of 7.

2% over the same period last year.

The balance of narrow money (M1) was 66.

01 trillion yuan, down 1.

4% from the same period last year.

At an all-time low.

The cumulative increase of social integration was 12.

73 trillion yuan in the first four months of 2024 and 12.

93 trillion yuan in the first quarter of 2024.

As a result, the increase in social integration in April was-198.

7 billion yuan.

In April, the growth rate of social finance was negative, and M1 fell by 1.4% year-on-year., the increment of social integration refers to the amount of capital obtained by the real economy from the financial system in a certain period of time.

Including direct financing such as corporate bonds and government bonds, as well as indirect financing such as RMB loans and foreign currency loans.

In terms of social finance, government bonds, corporate bonds and undiscounted bank acceptance dragged down the April data.

In April, the net financing of government bonds grew by 98.

4 billion yuan, 553.

2 billion yuan less than that in April 2023.

The scale of corporate bond financing increased by 49.

3 billion yuan, an increase of 244.

7 billion yuan less than the same period last year.

Undiscounted acceptance bills decreased by 448.

6 billion yuan, an increase of 314.

1 billion yuan compared with the same period last year, mainly due to the impulse of bank bills and the decline in enterprises’ willingness to issue bills.

, In April, the growth rate of social finance was negative, and M1 fell by 1.4% year-on-year.In April, the growth rate of social finance was negative, and M1 fell by 1.4% year-on-year., return to the first electric network home page >.

Link to this article: https://evcnd.com/in-april-the-growth-rate-of-social-finance-was-negative-and-m1-fell-by-1-4-year-on-year/

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