Comments on financial data in March 2022: the total amount of financial data recovered in March, and the structure is still not ideal

Event: RMB loans increased by 3.13 trillion yuan in March, an increase of 395.1 billion yuan year-on-year; At the end of March, the balance of RMB loans was 201.01 trillion yuan, a year-on-year increase of 11.4%, the growth rate was the same as that at the end of last month, 1.2 percentage points lower than that in the same period of last year.

In March, the increment of social financing scale was 4.65 trillion yuan, an increase of 1.28 trillion yuan year-on-year; At the end of March, the stock of social financing scale was 325.64 trillion yuan, an increase of 10.6% year-on-year., The growth rate was 0.4 percentage points higher and 1.7 percentage points lower than that at the end of last month and the same period of last year respectively.

At the end of March, the balance of broad money (M2) was 249.77 trillion yuan, a year-on-year increase of 9.7%, 0.5 and 0.3 percentage points higher than that at the end of last month and the same period of last year respectively; The balance of narrow money (M1) was 64.51 trillion yuan, a year-on-year increase of 4.7%, the growth rate was the same as that at the end of last month, 2.4 percentage points lower than that in the same period of last year.

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