According to the Financial Times, which is in charge of the central bank, on July 15, the central bank released a financial statistics report for the first half of the year. According to the data, the RMB loan balance as of the end of June was 282.63 trillion yuan, an increase of 5.2% over the previous year. As for the current credit growth rate shift, some people simply equate it to a contraction in financial support. This is obviously inappropriate. It should be noted that in the context of domestic industrial iteration, etc., shifting the credit growth rate is essentially an inevitable result of the financial system adapting to economic transformation and upgrading, and it is also a necessary process for a stage of high-quality financial development. When looking at financial data, don't judge the overall situation by short-term fluctuations. Credit investment is naturally seasonal. Multiple factors, such as the pace of enterprise production and operation, the implementation cycle of major projects, bank balance and liability scheduling, and quarterly assessment nodes, will cause monthly loan growth to fluctuate. However, equity and bond financing in social finance is also influenced by capital market conditions, corporate financing plans, and market investment preferences, and the volatile nature is even more prominent. To judge the strength of financial support for the real economy, it is necessary to break beyond the limitations of a single month's data, and observe the strength of financial support from a longer-term and more comprehensive perspective.

According to the Financial Times, which is in charge of the central bank, on July 15, the central bank released a financial statistics report for the first half of the year. According to the data, the RMB loan balance as of the end of June was 282.63 trillion yuan, an increase of 5.2% over the previous year. As for the current credit growth rate shift, some people simply equate it to a contraction in financial support. This is obviously inappropriate. It should be noted that in the context of domestic industrial iteration, etc., shifting the credit growth rate is essentially an inevitable result of the financial system adapting to economic transformation and upgrading, and it is also a necessary process for a stage of high-quality financial development. When looking at financial data, don't judge the overall situation by short-term fluctuations. Credit investment is naturally seasonal. Multiple factors, such as the pace of enterprise production and operation, the implementation cycle of major projects, bank balance and liability scheduling, and quarterly assessment nodes, will cause monthly loan growth to fluctuate. However, equity and bond financing in social finance is also influenced by capital market conditions, corporate financing plans, and market investment preferences, and the volatile nature is even more prominent. To judge the strength of financial support for the real economy, it is necessary to break beyond the limitations of a single month's data, and observe the strength of financial support from a longer-term and more comprehensive perspective.