Summary
[Debon Securities: The growth rate of social financing may rise in the fourth quarter]The research report of Debon Securities pointed out that the inertial decline in social financing and credit growth points to the weak demand for economic financing, but the credit cycle has been smoothing and bottoming out, credit growth and social financing The growth rate may pick up in the fourth quarter. Based on the interaction of factors such as the high base government bond net financing in August 2020, the “off-balance sheet financing” that has gradually contracted month by month since 2021, and the medium and long-term credit of enterprises that reflect the financing needs of the real economy, the stock of social financing increased in August. Features of rapid inertia sliding. (China Business News)
Debon SecuritiesResearch reportPointed out that social integrationCreditThe inertial decline in growth points to that the demand for economic financing is still weak, but the credit cycle is already bottoming out smoothly, and credit growth is increasing.ChangheThe growth rate of social financing may pick up in the fourth quarter. Based on the interaction of factors such as the high base government bond net financing in August 2020, the “off-balance sheet financing” that has gradually contracted month by month since 2021, and the medium and long-term credit of enterprises that reflect the financing needs of the real economy, the stock of social financing increased in August. Features of rapid inertia sliding.
(Source: China Business News)
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