The Financial Times, which is in charge of the People's Bank of China, published an article stating that on August 14, the central bank released the latest financial data. Industry experts analyzed that in the context of diversified financing structures, it is possible to reduce the focus on loans as a single financing channel and look at loans and bond financing together. In fact, since the late 90s of the last century, China has clearly stopped managing the size of loans. In recent years, capital-intensive industries such as real estate and infrastructure construction have continued to adjust, while new types of productivity are lighter, bank loans required per unit of economic growth have declined accordingly, and demand for loans has naturally declined. Further promotion of local government debt and insurance for small and medium-sized financial institutions will also have an impact on loans, but these are all important measures to mitigate risks in key areas, and are more in line with the requirements of high-quality development.

The Financial Times, which is in charge of the People's Bank of China, published an article stating that on August 14, the central bank released the latest financial data. Industry experts analyzed that in the context of diversified financing structures, it is possible to reduce the focus on loans as a single financing channel and look at loans and bond financing together. In fact, since the late 90s of the last century, China has clearly stopped managing the size of loans. In recent years, capital-intensive industries such as real estate and infrastructure construction have continued to adjust, while new types of productivity are lighter, bank loans required per unit of economic growth have declined accordingly, and demand for loans has naturally declined. Further promotion of local government debt and insurance for small and medium-sized financial institutions will also have an impact on loans, but these are all important measures to mitigate risks in key areas, and are more in line with the requirements of high-quality development.