宏观策略中国经济-信贷放缓,政策将延续宽松中国8月信贷增速进一步放缓,新增社会融资重回负增长,人民币贷款余额增速再创历史新低。政府债发行仍然是社融的主要贡献,而家庭和企业部门则延续去杠杆。M1增速延续下滑。信贷数据公布后,央行向市场发出宽松信号,承诺“着手推出一些增量政策措施,进一步降低企业融资和居民信贷成本”,“把推动物价温和回升作为把握货币政策的重要考量”。展望未来,央行可能在今年剩余时间内...
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