CCTV News: On March 14, the People's Bank of China released its February financial data and social financing scale report. The total financial volume continued to maintain reasonable growth, and many indicators were better than market expectations, reflecting a moderately loose monetary policy orientation.

From the perspective of money supply, at the end of February, the balance of broad money (M2) was 320.52 trillion yuan, an increase of 7% year-on-year.

From the credit supply, at the end of February, the balance of RMB loans was 261.78 trillion yuan, an increase of 7.3% year-on-year.

From the scale of social financing, at the end of February, the stock of social financing scale was 417.29 trillion yuan, an increase of 8.2% year-on-year.

Zhang Jiqiang, director of Huatai Securities Research Institute, introduced that in February, the scale of social financing continued to maintain rapid growth, and the accelerated issuance of government bonds was the main factor supporting growth. The loan issuance is impressive. February has always been a small month for loans, but the loan increase in February 2025 reached one trillion yuan, which is a historically high level. Credit supports the real economy with great strength

From the interest rate level, in February, the weighted average interest rate of newly issued loans (domestic and foreign currencies) of enterprises was about 3.3%, about 40 basis points lower than the same period last year; the weighted average interest rate of newly issued loans (domestic and foreign currencies) of individual housing was about 3.1%, about 70 basis points lower than the same period last year.

From the credit structure, the balance of inclusive small and micro loans was 33.43 trillion yuan, an increase of 12.4% year-on-year; the balance of medium- and long-term loans in the manufacturing industry was 14.48 trillion yuan, an increase of 10.3% year-on-year, both higher than the growth rate of various loans during the same period. The People's Bank of China: A series of policies will be issued in 2025 to fight a "combination punch". The People's Bank of China said that a moderately loose monetary policy will be implemented in 2025, and a series of policies will be issued to fight a "combination punch".

The central bank stated that the monetary policy in 2025 should take into account multiple goals, not only strongly support the real economy, but also focus on preventing risks, but also crack domestic and foreign constraints such as China-US interest rate spreads and bank interest rate spreads. The policy should grasp a reasonable rhythm and intensity.

Dong Ximiao, chief researcher of the China Merchants Union, introduced that in combination with changes in the situation, all aspects of monetary policy, such as the total amount, structure, interest rates, exchange rates, etc. will be reasonably balanced and coordinated to form a policy "combination punch" effect.

Industry insiders said that since 2025, the central bank has made many positive statements about monetary policy in terms of total volume, interest rate, structure, exchange rate, etc., which is conducive to further enhancing market confidence. In terms of total volume, there is still room for downward trend in the deposit reserve ratio, indicating that the central bank has the ability and willingness to increase macro-control and support the real economy.

In terms of structure, the central bank stated that it would study and create new structural policy tools, focusing on supporting investment and financing in the field of scientific and technological innovation, promoting consumption and stabilizing foreign trade.

Wen Bin, chief economist of Minsheng Bank, introduced that increasing financial support for major strategies, key areas and weak links will help promote the smooth flow of macroeconomic circulation, accelerate the transformation of the economic structure, and cultivate new momentum.

In terms of exchange rates, the central bank has repeatedly stated that it must resolutely prevent the risk of exchange rate overshoot, have experience, confidence and ability to maintain the stable operation of the foreign exchange market.

The central bank stated that in the face of the macro environment, especially the uncertainties that may arise in the external environment, the central bank has reserved sufficient reserve tools and policy space, and the total amount of monetary and credit still has potential.

In the future, there are many positive factors that support the improvement of the economic situation. As more active and effective macroeconomic policies continue to be implemented and effective, the financial system will provide more favorable and more effective support for the recovery and improvement of the real economy and high-quality development. China established 7,574 new foreign-invested enterprises in the first two months of 2025, an increase of 5.8% year-on-year

The Ministry of Commerce of China released data on March 14. In the first two months of 2025, 7,574 new foreign-invested enterprises were established nationwide, an increase of 5.8% year-on-year, and the actual amount of foreign-use funds was 171.21 billion yuan.

From the industry's industry actually uses foreign capital of RMB 47.82 billion, the service industry actually uses foreign capital of RMB 120.49 billion, and the high-tech industry actually uses foreign capital of RMB 52.49 billion.

Among them, the actual use of foreign capital in e-commerce services, biopharmaceutical manufacturing, and smart consumer equipment manufacturing increased by 33.5%, 22.9% and 40.7% respectively.

From the source point of view, the actual investment in China in the United Kingdom, Germany and South Korea increased by 87.9%, 54.7% and 45.2% respectively.