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Editor Zhang Jinhe

On August 13, the central bank released the "Financial Statistics Report for July 2024", "Statistical Data Report on the Stock of Social Financing Scale in July 2024", and "Statistical Data Report on the Increment of Social Financing Scale in July 2024".

According to Xinhua News Agency, data from the People's Bank of China showed that the weighted average interest rate of newly issued corporate loans in July was 3.65%, the same as the previous month and 22 basis points lower than the same period last year; the interest rate of newly issued personal housing loans was 3.4%, 9 basis points lower than the previous month and 68 basis points lower than the same period last year.Both are at historical lows.

The financial statistics released on the same day also showed thatmy country's RMB loans increased by 13.53 trillion yuan in the first seven months, support the solid strength of the real economy;At the end of July, the balance of broad money (M2) was 303.31 trillion yuan, a year-on-year increase of 6.3%., liquidity remained reasonably abundant, and the growth rate of social financing scale increased steadily.

Image source: Liu Guomei, Daily Economic News

Financial Statistics Report for July 2024