The financial statistics report released by the People's Bank of China on September 14 shows that at the end of August, broad monetary balances, social financing stocks, and RMB loan balances increased 7.5%, 7.2%, and 4.9%, respectively, year-on-year, and the growth rate declined from the previous month. Industry experts believe that financing channels such as bonds and stocks continue to gain strength, and that diversified financing structures are better suited to the needs of economic transformation. The current slowdown in loan growth is also not a credit contraction. Loan interest rates remain at historically low levels, reflecting that the reasonable credit needs of enterprises and residents are basically guaranteed; the increase in loans in the “Five Major Articles” field of finance accounts for more than 70% of the increase in various loans, which indicates that credit growth is shifting towards improved development.

The financial statistics report released by the People's Bank of China on September 14 shows that at the end of August, broad monetary balances, social financing stocks, and RMB loan balances increased 7.5%, 7.2%, and 4.9%, respectively, year-on-year, and the growth rate declined from the previous month. Industry experts believe that financing channels such as bonds and stocks continue to gain strength, and that diversified financing structures are better suited to the needs of economic transformation. The current slowdown in loan growth is also not a credit contraction. Loan interest rates remain at historically low levels, reflecting that the reasonable credit needs of enterprises and residents are basically guaranteed; the increase in loans in the “Five Major Articles” field of finance accounts for more than 70% of the increase in various loans, which indicates that credit growth is shifting towards improved development.