Central Bank: A single loan indicator is no longer able to fully reflect the financing situation obtained by the real economy.

On July 15th, Xie Guangqi, Director of the Monetary Policy Department of the People's Bank of China, stated at a press conference at the State Council Information Office that the central bank is continuously optimizing and improving the framework of monetary policy, promoting the transformation of the monetary policy framework from primarily quantity-based regulation to primarily price-based regulation, and striving to create a suitable monetary and financial environment. It is now suggested to combine loans and bonds to observe, as the single loan indicator cannot fully reflect the financing situation of the real economy, and to pay more attention to indicators such as interest rates and financing structure that comprehensively reflect the social financing conditions.