On August 13, the financial statistics report for July 2026 released by the People's Bank of China showed that according to preliminary statistics, the cumulative increase in the scale of social financing in the first seven months was 22.25 trillion yuan, 1.74 trillion yuan less than the same period last year; RMB loans increased 10.38 trillion yuan in the first seven months. Industry experts pointed out that at present, the scale of social financing and total financial indicators such as the broad currency M2 have maintained reasonable growth, social financing costs continue to be low, and the overall financing environment is relatively relaxed. Industry experts analyzed that the downward trend in interest rates indicates that the current credit supply has fully met market demand, and monetary policy is moderately relaxed. Price is a fundamental signal reflecting the relationship between supply and demand. If the price continues to drop, it indicates that the product is in oversupply. The same is true of credit. Under the combined influence of supply and demand forces in the credit market, interest rates on loans showed a downward trend, indicating that credit investment has been sufficient to meet market demand.

On August 13, the financial statistics report for July 2026 released by the People's Bank of China showed that according to preliminary statistics, the cumulative increase in the scale of social financing in the first seven months was 22.25 trillion yuan, 1.74 trillion yuan less than the same period last year; RMB loans increased 10.38 trillion yuan in the first seven months. Industry experts pointed out that at present, the scale of social financing and total financial indicators such as the broad currency M2 have maintained reasonable growth, social financing costs continue to be low, and the overall financing environment is relatively relaxed. Industry experts analyzed that the downward trend in interest rates indicates that the current credit supply has fully met market demand, and monetary policy is moderately relaxed. Price is a fundamental signal reflecting the relationship between supply and demand. If the price continues to drop, it indicates that the product is in oversupply. The same is true of credit. Under the combined influence of supply and demand forces in the credit market, interest rates on loans showed a downward trend, indicating that credit investment has been sufficient to meet market demand.