Recently, the market has discussed the “scissor gap” between the M2 growth rate and the growth rate of social finance, and some opinions regard this as a sign that capital is idling in the banking system. In response, industry experts told reporters that M2 and the scale of social financing are two different statistical indicators. There are differences in statistical caliber. It is normal for the growth rate to be high or low. There is no clear policy meaning, and it is impossible to judge whether capital is idle within the banking system based on this.

Recently, the market has discussed the “scissor gap” between the M2 growth rate and the growth rate of social finance, and some opinions regard this as a sign that capital is idling in the banking system. In response, industry experts told reporters that M2 and the scale of social financing are two different statistical indicators. There are differences in statistical caliber. It is normal for the growth rate to be high or low. There is no clear policy meaning, and it is impossible to judge whether capital is idle within the banking system based on this.