According to financial statistics released by the People's Bank of China on the same day, Wen Bin, chief economist at China Minsheng Bank, believes that the new loans added in May were close to trillion yuan, a decrease from the previous year, but in terms of total volume, it is quite a bit. At the same time, the overall scale of social finance has grown steadily, and financial support for the real economy has remained stable. In particular, the pace of issuing corporate and government bonds has accelerated recently, providing stable support for the growth rate of social finance scale. Since this year, investment in M2 and RMB loans has generally slowed. The People's Bank of China has stated through various channels that the current total amount of money in China is large enough, it is difficult to sustain the high growth rate of monetary credit, and demand for credit has “changed gears.” The future direction of policy regulation will pay more attention to revitalizing existing capital and improving the efficiency of the use of funds. (Xinhua)