At the end of February, China's M2 increased by 8.7% year-on-year, and the stock of social financing was 385.72 trillion yuan. RMB loans increased by 6.37 trillion yuan in the first two months.
The intensity of credit extension since the beginning of 2024 has not been weak, and has also reached the highest level in the same period in history. The government work report has made a comprehensive deployment of this year's economic work and proposed the issuance of ultra-long-term special treasury bonds.