According to the “Financial Times” report by the head of the central bank, according to data released by the People's Bank of China, the scale of social financing and loan investment in the first quarter basically met the expectations of market participants, effectively met the reasonable financing needs of the real economy, and was in line with the current economic growth situation. The general market opinion also believes that reasonable moderation is the main characteristic of the current increase in the scale of credit and social financing. Lin Yingqi, an analyst at CICC, believes that in the context of “revitalizing stocks,” the phenomenon of credit seeking a good start has been clearly mitigated, and the amount and price of credit is more balanced. Loan investment progress in the first quarter returned to a rate close to 40% over the past five years. Liao Zhiming of China Merchants Securities believes that considering that the proportion of new loans added in the first quarter of last year was too high, the share is expected to decline this year.