银行行业月报:关注财政投放

万联证券
Sep 17, 2025

(以下内容从万联证券《银行行业月报:关注财政投放》研报附件原文摘录)事件:中国人民银行发布2025年8月金融统计数据报告、社融增量以及存量统计数据报告。投资要点:8月社融存量增速8.8%,增速较7月回落0.2%:8月,社融新增2.57万亿元,同比少增0.47万亿元。8月社融同比少增,受政府债发行放缓叠加信贷同比少增共同影响。8月新增信贷和政府债净融资规模分别为0.63万亿元和1.37万亿元,分别...

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