As of end-September, broad money supply (M2) and aggregate financing to the real economy (AFRE) grew by 10.9 percent and 13.5 percent year on year respectively, up 2.5 percentage points and 2.8 percentage points from the same period of a year earlier 1/2  BIS central bankers' speeches  respectively, representing a significant acceleration of year-on-year growth rates. Financing costs have been lowered noticeably.
In September, lending rates for enterprises stood at 4.63 percent, decreasing by 0.61 percentage points year on year, a relatively low level in history. The goal of “increasing volume, expanding coverage and lowering price” for MSB financing has been achieved.