AI Data Insight
In the first three quarters, cumulative new loans by financial institutions in China reached 11.52 trillion RMB. For September alone, new loans amounted to 1.08 trillion RMB, exceeding market expectations of 975 billion and successfully reversing August's credit trough. However, the growth rate of broad money (M2) slowed to 7.2%, indicating a divergence in borrowing willingness between enterprises and households. The recovery of overall financing demand still requires sustained policy efforts.