Financial data for the first six months of the year highlights the effective support provided by monetary policy to the real economy. By the end of June, social financing stock had increased by 8.9% year-on-year, M2 by 8.3%, and RMB loans by 7.1%. Taking into account the replacement of local special debts, the year-on-year growth rate of loans would be even higher, underscoring the efficacy of monetary policy measures.