weekend The central bank released the "Financial Statistics Report for July 2022". Do you understand it?
The fluctuations in financial data this year are unprecedented in history.
New credit After April, new credit fell to the freezing point again in July - new credit only increased by 679 billion yuan, which was significantly lower than market expectations. What you may not imagine is that there were 4 months in the first July of this year New credit reached a new record high in the same period.
But there is another data behind this data that has hit a new high in recent years, that is, the growth rate of M2. This value has reached 12%, exceeding the overall data in 2020. The growth rate of
M2 represents the capacity of social capital supply and the speed of the central bank printing money. The greater the growth rate, it means that the supply of money is increasing.
This means that currency data is now starting to become polarized. The credit demand in the
market has reached record lows and is extremely volatile, while the financial system is still actively expanding.
Therefore, the decoupling of the economy and the entity in the second half of the year mainly depends on fiscal stimulus.
I don’t know if you understand, but on the one hand, people are afraid to take out loans, and on the other hand, the money printing machine is printing money faster than it has been in recent years.
Therefore, assets are destined to be repriced because the total amount of money has increased.
Ordinary enterprises can no longer support economic data, so they must provide fiscal and monetary stimulus. Don’t say it with words, but do it with hands!
Here comes the key point: In a word, it is good for the stock market and core high-quality assets in first-tier cities, and the transmission cycle is at most That's half a year. Welcome to express your opinions in the
comment area.
