The People's Bank of China released China's monetary policy implementation report for the fourth quarter of 2023 on the 8th. The report pointed out that overall, the monetary policy in 2023 will adhere to the principle of stability and progress while maintaining stability.
The balance of RMB loans reached 237.6 trillion yuan at the end of the year, and the stock of broad money (M2) and social financing increased by 9.7% and 9.5% respectively year-on-year.