On the evening of May 13, Chuangjin HexinfundChief MacroanalystLuo Shuixing pointed out that the April financial data released on the 13th showed that at the end of April, M2 increased by 10.5% year-on-year, and the growth rate was 0.8 percentage points and 2.4 percentage points higher than that at the end of last month and the same period of the previous year, respectively.currencySupply-side policies are working hard. In the future, as the impact of the epidemic eases, enterprises are expected to speed up the pace of resumption of work and production. With the accelerated implementation of policies to stabilize growth and credit, financing needs and the process of credit creation are expected to return to a recovery trend.
Luo Shuixing pointed out that due to the impact of the epidemic, the overall financial data in April was relatively weak. Under the impact of the epidemic, the normal production of enterprises and the normal consumption, investment and financing needs of residents have been affected. Under the impact of the epidemic, the poor channels for enterprises and residents to create credit have also magnified the slowdown in financing demand.
However, Luo Shuixing also said that as the epidemic gradually eases, the constraints on financing needs due to the impact of the epidemic will also ease.Recently, the keynote of monetary policy has been to quickly plan for incremental policy tools to create a favorable monetary and financial environment for coordinating epidemic prevention and control and economic and social development.interest rateThe decline and the loans released by the previous RRR cutsinterest rateThe room for decline will gradually be transmitted to the real economy. The shrinking financing needs of enterprises and residents due to the increased uncertainty of future expectations require more efforts at the policy level to stabilize the expectations of market players.
(Article source: ChinasecuritiesReport Ā· China Securities Network)
Article source: China Securities Journal China Securities Network
Responsible editor: 10
Original title: Chuangjin Hexin Fund Luo Mercury: Financing demand and credit creation process are expected to return to the restoration trend
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