Central Bank: The substantial increase in the scale of social financing is mainly driven by the joint efforts of three aspects

Data map: People's Bank of China. China News Agency reporter Zhang Xinglong photo

　　China News Service, May 12 (Xinhua) According to the central bank's website, the person in charge of the Central Bank's Survey and Statistics Department said when answering a reporter's question about financial statistics in April, at the end of April, the balance of social financing scale increased by 12% year-on-year, as of June 2018 The highest level since. The cumulative increase in the scale of social financing from January to April was 14.19 trillion yuan, which was close to the increase in the first half of last year. Among them, the increase in the scale of social financing in April was 3.09 trillion yuan, an increase of 1.42 trillion yuan year-on-year.

　　The substantial increase in the scale of social financing is mainly driven by the following three aspects:

　　First, financial institutions will further increase credit support for the real economy. From January to April, RMB loans issued by financial institutions to the real economy increased by 8.88 trillion yuan, an increase of 1.71 trillion yuan year-on-year. Among them, the RMB loans issued to the real economy in April increased by 1.62 trillion yuan, an increase of 750.6 billion yuan year-on-year.

　　Second, the direct financing provided by the financial market to the real economy has increased, and the proportion of corporate bonds and stock financing in social financing has increased significantly. The net financing of corporate bonds from January to April was 2.68 trillion yuan, equivalent to 80% of the net financing of corporate bonds last year; the stock financing of non-financial enterprises from January to April was 157 billion yuan, a nearly double year-on-year increase. The two together accounted for 20% of the scale of social financing, up 6.4 percentage points year-on-year, and historically at a relatively high level.

　　Third, the financial system actively cooperated with the fiscal policy to promote the substantial increase of government bond financing. From January to April, the net financing of government bonds was 1.91 trillion yuan, an increase of 524.6 billion yuan year-on-year. Among them, the net financing of local government special bonds was 1.14 trillion yuan, an increase of 437.3 billion yuan year-on-year.