今年“社會(huì)融資”或達(dá)18萬(wàn)億

Aggregate private financing will amount to 18 trillion yuan in 2015. The figure is 13.6% up on last year, according to a report by the Bank of Communications Tuesday, alongside a 12.5% expansion of M2.

交通銀行發(fā)布報(bào)告稱，2015年，我國(guó)社會(huì)融資總額將達(dá)18萬(wàn)億元，同比增速13.6%，全年廣義貨幣增速12.5%。

“社會(huì)融資”即private financing，也譯作“民間融資”，它是反映國(guó)內(nèi)資金總量的流動(dòng)性指標(biāo)(liquidity measure)。社會(huì)融資總量除了包含金融機(jī)構(gòu)新增貸款(new loans)外，還進(jìn)一步納入股票、債券融資(stock financing and bond financing)等。明年各類直接融資(direct financing)活躍度也將持續(xù)提升。

報(bào)告認(rèn)為，2015年貨幣政策(monetary policy)將繼續(xù)穩(wěn)健偏松，上半年不排除小幅降息(the interest rates will be cut by a small margin)的可能。報(bào)告預(yù)計(jì)，2015年存款準(zhǔn)備金率可能會(huì)有0.5至1.5個(gè)百分點(diǎn)的下調(diào)(the required reserve ratio will be cut by 0.5-1.5 percentage points)。