sharon sanders
Editor-in-Chief & President
2020-08-12 08:59:46Beijing News reporter: Cheng Weimiao Editor: Wang Jinyu
The growth rate of M2 fell in July, and the diversion effect of the A-share surge has reduced deposits by hundreds of billions?
RMB deposits increased by 80.3 billion yuan in July, a decrease of 561.7 billion yuan year-on-year.
According to data released by the Central Bank on August 11, the scale of social financing increased by 1.69 trillion yuan in July, and the broad money M2 increased by 10.7% year-on-year, and both fell from the previous month.
Zong Liang, chief researcher of Bank of China, told Shell Finance reporter that counter-cyclical supervision was implemented in the early stage to hedge the impact of the epidemic. As the epidemic is brought under control and economic development has stabilized, there should be no such high currency supply, and the money supply should remain moderately reasonable. Just grow.
It is worth noting that RMB deposits in July decreased by 561.7 billion yuan year-on-year, of which household deposits decreased by 719.5 billion yuan. Some analysts believe that the A-share bull market in July formed a certain diversion effect, but some analysts told reporters that the decrease in deposits may be affected by the decline in the amount of loans, because loans will be distributed for survival.
Social financial growth halved month-on-month, M2 growth rate fell for the first time in 6 months
more....
http://www.bjnews.com.cn/finance/2020/08/12/757755.html
The growth rate of M2 fell in July, and the diversion effect of the A-share surge has reduced deposits by hundreds of billions?
RMB deposits increased by 80.3 billion yuan in July, a decrease of 561.7 billion yuan year-on-year.
According to data released by the Central Bank on August 11, the scale of social financing increased by 1.69 trillion yuan in July, and the broad money M2 increased by 10.7% year-on-year, and both fell from the previous month.
Zong Liang, chief researcher of Bank of China, told Shell Finance reporter that counter-cyclical supervision was implemented in the early stage to hedge the impact of the epidemic. As the epidemic is brought under control and economic development has stabilized, there should be no such high currency supply, and the money supply should remain moderately reasonable. Just grow.
It is worth noting that RMB deposits in July decreased by 561.7 billion yuan year-on-year, of which household deposits decreased by 719.5 billion yuan. Some analysts believe that the A-share bull market in July formed a certain diversion effect, but some analysts told reporters that the decrease in deposits may be affected by the decline in the amount of loans, because loans will be distributed for survival.
Social financial growth halved month-on-month, M2 growth rate fell for the first time in 6 months
more....
http://www.bjnews.com.cn/finance/2020/08/12/757755.html