ä¸??¶ç??¥ï???å¾?æµ·å?é£??©é????/p>

?????¸å?ç»?è®?/STRONG>

????TMT?¹å??å·²è??¥ç?äº?æ³¢è?å¯?å¸?å±??¶æ?ï¼???ä¸??¹ä¼°??主线?´ç?ç»?æµ?å¤????¹å??ï¼??³æ³¨??·®??é«??¡æ??¡®å®???大é???????µå?????±ä?ä¸??¹å????ï¼?

????è§??¹å??é¡?/STRONG>

??????å¾?æµ·å?é£??©é???

????01å¸??ºç???¹æ????

????????ä»???ä¸??????示ã??AI以é??为è???????å¸??ºæ??è¿?è·?????ï¼?é£??©è?产å???????¡å??´ä????°é???¡ã??è°??´èµ°?¿ã??å½?????ï¼?æµ·å?é£??©ä???å¾????¾ï?ç¾??½å?ºå?¡ä??????µï?主æ??CDSé£???ï¼?大类èµ?产ç???ï¼?ç¾??ºä»·?¼ä?涨æ??ä¼?è¿?ä¸?æ­¥å?²å?»å?¨ç??é£??©è?产ã??æ­¤å?ï¼?ç¾??½é?¿æ??????é¢?????å¤?ï¼??????¶å?½å??ä¸???¶è?ä¸?é£??©ï??½ç?¶å??ºå·²è¾?????å®?ä»·æ??½®???????ï¼?ä½????离é???????ä¸?å°?è·?离ï?????è¦??¿æ???©ç????ä¸?è¡?ï¼?ä»???å¸þ@?¨ç????©ç?????½ã???½å??ç»?æµ?ä»??¨å¼±å¤?????轨é??ä¸?ï¼???缩é??©å???§ï?社è?????²å???½ï???ä¸?å®?å­£è???§å??ç´?ï¼?????ä¸?è¡?ï¼?å¸??¿ç?ä»???宽æ?¾ç©º?´ã??

????ï¼?

????å¹´å??以æ?¥ï???TMT??ä¸???ä¸??¹ä¼°???»ä????°äº¤?¿ä?涨æ???¿ï???023å¹??¡å??ºä¸¤?¡è?为确å®???主线??4??ä¸???»¥?¥ï?TMT交æ????ç»??ç»??°è?é«?æ°´å¹³ï¼?å¹´æ?¥ã??ä¸?å­£æ?¥å??å¸??ºè½¬??ä¸?绩确å®??§ï????交æ??ï¼?以å??æµ·å?é£??©é???¾ï??¿å???ºç?°æ???¾å???½ï???????ä¸??¹ä¼°???¨æ?¿ç??????????éª?è¯?驱å?¨ä?èµ°å?ºä?ä¼??¿è???ï¼??¿å?????¨ä?ä»??¨æ????è½???äº?大é????è½??¨ã??ç«??¨å??????¶ç?¹ï???ä»??为以AI为代表ç??TMT?¹å??å·²è??¥ç?äº?æ³¢è?å¯?å¸?å±??¶æ?ï¼??¹å????º§ä¸????¿ç?????ï¼????¿ç©º?´å??°é?æ¦???ï¼?ä½???ä¸?绩æ???????°ï????½å?åºþA?大ç???¹å??ï¼?æ¯?å¦??µå???计ç??ºè?ä¸?????ä¸??¹ä¼°??主线ä»??¶å?´ç?ç»?æµ?å¤????¹å??ï¼??³æ³¨??·®??é«??¡æ??¡®å®???大é???????µå?????±ä?ä¸??¹å????

????02大å?¿ä?é£???/STRONG>

????????å¢??¿å?¨è?½ä?足ï?稳å??¿æ?¿ç?å¿?è¦??§æ?????????????¨å?????4??份两ç»?å®?è§??°æ????大å?ä½?äº?æ­¤å??å¸??ºé?????ä¿¡è´·??ä¼?ä¸??ºå?¸ç??大å????½æ????ç´???社è????主è???ç´???ä¸??¹é???ä¸?季度信贷???¾è??å¥???ç½??¨å???????项ç????æ±?ï¼??þ???¹é???ç»?æµ?????å¢??¿å?¨è?½ä???å¾?????ï¼?ä¸?季度大é??ä¿¡è´·???¾è???ï¼?ä¿¡è´·??å®?ä½???æ±???ä¼?导ä???è¾?大空?´ã??æ­¤å?ï¼?4??å±?æ°??¨é?¨è´·æ¬¾è?ä¸?季度?ºç?°è?大å?åºþ@???½ï??°äº§??????踩ã??å±?æ°?????è¿?è´·æ???¿ç»´??é«?ä½?ï¼??????°å???´·ä¸?ä¸??¿è´·è§?模å????ä¸????²æ???¼æ°´å¹³ã??ç»?æµ??????¨è?½ç??æ¬?缺ä??????¨é?????°æ???ï¼?4???½å???????¨é?¢èµ°ä½?ï¼?CPIä¸?PPIä¸?ä»?延续ä¸?è¡?è¶??¿ï???æ¯????ä¸?è¡?å¹?åºþ??大è?å¸??ºæ???é¢?????????ä¸?季度????è¡¥å?¿æ?§é??æ±??????¾ï?ç»?æµ?å¢??¿é??æ­¥å???????¨è?½ä¿®å¤?ï¼???å½???å®?ä½???æ±??????¨è?½ç??ä¸?足似ä¹?é¢?示ç??稳å??¿æ?¿ç?ä¾??¶æ??å¾????¾ã??

????5??å¸??ºæ??ä»?å¤?äº???è¿?è·??¶æ???äº?ä¸?以æ?¥ï?å¸??ºè?è¡???主è??»è?ä»?æ­¤å????é¢???驱å?¨é?¶æ??§è?渡å?°ç???©ç¡®å®??§ã??è¿??¥ä?季度ï¼?A?¡è?ä¸?è½??¨å??å¿??????æµ??¨æ?§å???¿ç?é¢???????ä¸???ä¼°å?¼æ?????????¸´?¶æ??§é???¡æ?´å?ºã??ä¸??¹é?????å¤?æµ??¨æ?§é????ºç?°è¾¹????????ä¸?季度è¶?强ç??ä¿¡è´·???¾é??¸´è¾¹é????å½?ï¼?è´§å??¿ç?ä¹?è¿??¥é?¶æ??§è?å¯?çª??£ï??½å??????å¸??ºæ??¨æ?§ç?????¸´è¾¹é????å½?ï¼?æ­¤å?ï¼?è¶?é¢???强å?²ç??ç¾??¡è´¢?¥æ?°æ?????¸å???????å¼???å¸??ºé?¶æ??§ç´§ç¼©æ??忧ã???þ???¹é???????ä¸?季度ç»?æµ???A?¡ç???©æ?°æ?????ºç??ï¼???å­?ç«???????°ï??????¾æ??è¶?é¢???è¡?????????å¸??ºä¸»çº¿å???ï¼?AI产ä??¾é?¶æ??§ä¼°?¼é?ä½?ï¼???è¦?ä¸?段æ?¶é?´æ???é¢???ï¼??¿ä?ä¸???å®?ä½???æµ·å???æ±?èµ°å¼±?????ä¸?ï¼???èµ?ç«?¿®å¤??¾æ??è¶?é¢???ï¼?å¸??ºå?äº?????ä¿????ç»??§å?????äº?季度å¸??ºé??¼æ???ºç?°é?¶æ??§å??è¡¡å??è¿?ç¨?ï¼????©ç¨³å®??§é????°è?½æ?产ä??¾å???·å??¿ç????????¨å??æ¶?è´¹å?è¡?ä¸???è¿??¥é?¶æ??§æ?ºä???ä½??¨ç¨³è´§å?宽信?¨å¼±å¤?????å®?è§????ä¸?ï¼????¿ä¸»çº¿ä?å°???为年??è¶?é¢??¶ç??主è??¥æ???

??????å¾?æµ·å?é£??©é???

??????å¾?æµ·å?é£??©é???

??????å¾?æµ·å?é£??©é???

????03�?���???�����������������

????ä¸??¨å??ºç»§????ä¸?????è°??´å????åºþ@????ç»???´ç??£ï?è¡?ä¸????°æ¶¨å°?è·?å¤?ï¼??????°æ????åºþ??äº?é¢???ï¼?以å???¥è?é¢??????ºå?£æ?°æ????社è?????¹ç?å®?è§??°æ????次æ??建ä?ä¸?ä¸?¼±å¤????°å?ä¸?è°?ä¸????¨æ???¿ç?é¢???ä¸?è°?????ä¸?è°?ç»???ï¼?è¿???为å??ºå??è¡?ä¸?ç»????ºç?°æ???¾è??´ç??主è????????þ???¹é???ä¸??¹ä¼°??AI?¨äº¤?¿è½®?¨å¿«??ä¸?涨å???½æ????产ä?ä¸??¿ç?å±??¢ç??è¿?ä¸?æ­¥å????ï¼?两大强å?¿æ?¹å????为å?¨å¹´ä¸»çº¿??ä¸??´é???æ¸???ï¼?ä¹???为å?¶çº¦?¶è?ä¸?æ­¥ä?涨ç????è¦?????ä¹?ä¸???ï¼?

????

??????å¾?æµ·å?é£??©é???

????å¹´å??以æ?¥å??ºè?ä¸?è½??¨ç??两个?¹å???å¹´å??以æ?¥ç??è¡?ä¸?è½??¨ç?¹å?大ä?????¥æ???¸º??ä¸??¡å??????è½??¨â??ï¼?è¿?ä¸??¡å???????????1ï¼?主线-ç§???AIGCï¼?2ï¼???º¿-ä¸??¹ä¼°ï¼?3ï¼??¶ä???主å??º¿?²å?»è?ä¸???

????ç¬??ä¸?½®?¨ç?¹å?为主线ä???º¿??交æ?¿è½®???ä¸?æ¶??ï¼?1ä¸?2??è½????ï¼?两æ?¡ä¸»çº¿å??????äº?å­???èµ???æµ??¥ï???æ­¤æ?¹å????ä¿?????ä¸?ï¼?ä½???å¥?ä¸?å­??¨ä?å®?交æ?¿è½®?¨ç?¹å???ç¬??ä¸?½®?¨ç?¹å?为主??º¿èµ???æµ??¥è?ä¸?ä¸?èµ???æµ??ºè?ä¸?ä¹??´ç??è··è··?¿æ??åº?ï¼?1&ï¼?2ä¸?3??è½????ï¼?

????Chatgpt???°è?å¹?大ä?2ï¼???????交æ???¥ï?å¹´å??以æ?¥ï?ä¸???ï¼?ä¸??å¹³å??涨è?å¹?æ³¢å?¨å?åºþ=??大ç????主线è¡?ä¸????????µæ?°ã??家ç?µã??é£???é¥?????æ¶??????»è?????µå?????¨ã??汽车ç­?ï¼???ä¸??¹ä¼°???°æ¶¨è·?å¹?大ä?0.5ï¼???????交æ???¥ä¸­ï¼?å¹³å??涨è?å¹?æ³¢å?¨å?åºþ=??大ç????主线è¡?ä¸????????µæ?°ã??汽车??æ¶?????é£???é¥???ç­?è¡?ä¸?ï¼??????¥åº¦æ¶¨è?å¹??¸å?³æ?§è?åºþ=?ç®??¥ç??ï¼??´ä???è¨?æ¶?费中???»è????é£???é¥?????æ¶???ï¼?ç§???ä¸????µæ?°ã??汽车ï¼?以å??ä¸?¸¸?ºç???å·¥ã??建æ??ç­???¸»è¦?æµ??ºè?ä¸?ï¼?è¿??¶ä¸­?²å?»æ??为æ???¾ç??è¡?ä¸????µæ?°ä?é£???é¥???è¡?ä¸???

??????ä»??¨è?ä¸???ç½????¥å??5???¥é??强è?ï¼???ç»?æµ?ç»???????????为å?³å?两æ?¡ä¸»çº¿å½¢?????¸å??»è??????þ???¹é?????AI è¡????¾å?¨æ???³ç??对å??¶é?´å?ºé?´è?½è?·å?ç»?对æ?¶ç?????¶ä?è¡?ä¸??°é????æ¯?????????ï¼???æ­¤ç????å±??¢å??????å½?é«?ä½????¢â??ï¼?å¸??ºå?äº???TMTç§???ï¼?ChatGptï¼???????ä¸??¹ä¼°???¨å¹´??主线??ä¸??´é?????æ¸?å½¢æ??ï¼?ä½??¼å??³æ³¨???????å·????¹å¹³??ä¼?使å?主å??º¿èµ??±æ??åº??´å???°é?¾ï????¥å?°å?å½¢æ??ï¼???ä»??为æ???´å?°å????¸å??¨ä?ä¸??´é?????è¦?å¾??°å?ºæ???¢æ?°æ????éª?è¯???产ä??¿ç???è¿?ä¸?æ­¥å????ï¼???æ­¤ï?对ä???ç»??¶æ???è¨?ï¼?ä¸??¹ä¼°ä¸?TMTä¹??´å?ºæ???¢é?è¯?ä¸?产ä????¿ç?????导è?´ç??两è??ä¹??´äº¤?¿è½®?¨å?¼å?ä¿???å¯???è·?è¸???þ???¹é????¥ç????éª?è¯?å¤?äº???空æ??ï¼??????????²å?»æ???¾ç??è¶?è·?è¡?ä¸?å¦??µæ?°ã??é£???é¥??????»è??????为é?¶æ??§è?ä¸???ç½???²é???©ã??

??????å¾?æµ·å?é£??©é???

??????å¾?æµ·å?é£??©é???

??????å¾?æµ·å?é£??©é???

????对ä?两大主线ä¸???TMT??????ï¼???ä»??认为?¨å??????ä¸?ï¼?ä»??·å???ä¼???ç½??¡ä»¶??

????????é£??¼å??ä¼???常å?????¨æ??¨æ?§å??¾ç??è¡°é??????ä¸??©å?????ï¼?ç»?æµ???å¼±å?????ä¸?è¡???æ¼?ç»?尤为çª??ºã??2010年以?¥ï?????é£??¼ç?¸å?A?¡å??ºå??ä¼??±æ??ä¸?段ï???????011å¹???-2013å¹?????2014å¹?0??-2014å¹?2????2018å¹???-2019å¹???ï¼??¶ä¸­ï¼?2014å¹´è???主è??±å???°â??ç§?????å¸??????????¸å??主å?ï¼?2011-2013å¹´ã??2018-2019年两è½?????è¡???????¡¨?°ä¸º???????¿å??????¶¨??

?????¤ä?2014å¹´ç???¸å??è¡???å¤?ï¼?2011-2013å¹´ã??2018-2019年两次é????è¡??????????¨æ??¨æ?§ç?¸å?宽æ?¾ç??è¡°é??????ä¸??©å????????¨ç?æµ???å¼±å???????年份?´å???æ¼?ç»??ºè?为ç??ºç??????é£??¼è???ï¼?å¦?2013-2014å¹´ã??2019å¹´æ???为å?¸å??????å¼±å?????年份ï¼?????é£??¼æ??è¾?好涨å¹?ï¼???2016å¹´ã??2020å¹´ä???å¹´ç???强å?????年份????é£??¼è¡¨?°å???¸å?ä¸?????

??????å¾?æµ·å?é£??©é???

????å¤???ä¸?è½?????è¡???ï¼?è´§å??¿ç?宽æ?¾å??????管æ?¿ç???????????è¡?????主è?驱å?¨å????

????2011.10-2013.2ï¼?2011å¹´ä???å¹´å?å§?ï¼??±ä?欧å?ºå?±æ?ºå??¨ç??ç»?æµ?å½¢æ????ç»???¢å?²å?»ä»¥???½å??????é«?ä¼???è´§å??¿ç??¶ç´§ï¼?GDPå¢?????ç»??è¡???2011å¹?4ï¼??????ºç?°è¾¹?????½è¿¹è±¡ï?è´§å??¿ç?å¼?å§??·å??¾å?¨æ?¡ä»¶ï¼?11??8?¥ï?å¤??ä¸?è°?ä¸?å¹´æ??å¤?¥¨??è¡??©ç??ï¼?è´§å??¿ç?è¾¹é??è½????????¶é?¶è????°äº§ç­?æ³?????è¡?ä¸?????管æ?¿ç?ä¹????¾ä??¾æ?¾ä¿¡?·ï?2012å¹´å???°æ?¿å?°äº§?¿ç??¨å??§¯??è´·æ?????è´?????¹é?¢æ????è°??´æ?¾å?ï¼?2012å¹???ç¬???次å?¨å?½é????å·¥ä?ä¼?è®???? ï¼?温å?å®??»ç?????ºâ??????????ç»?ç»????°â??ï¼???å¼?äº?2012å¹´é???????°ç??大å???

????å¤???举æ???????ä¸?ï¼?????è¡?ä¸??ºæ???¢è½¬å¥½ï?2012å¹?1社è??å¢???å¼????è¡?ï¼???012年中ä¿?è´¹æ?¶å?¥å??æ¯?å¢??¿ã??10å¹´æ???½å?ºæ?¶ç????æ­¢è?????ï¼?2012å¹?3å¼?å§?ï¼?ç»?æµ??ºç?°å????ä¿¡å?·ã??GDPå¢???????ï¼???013å¹´å?ç»?æµ???ç»??ç»???å¼±å?????ä¿?????¿ã??

????2014.10-2014.12ï¼?2014å¹´ç?æµ?表ç?°ç?¸å??²å¼±ï¼??¹å????014年中å¼?å§?ï¼?PMIä¸?è¡???å·¥ä?å¢????¼å??æ¯????¾å???½ï?为æ?????æµ?ï¼?2014年央è¡??????4????6??两æ?å®???????ï¼?并ä?11????????è´§å??¿ç?ä¹?å¤?ï¼?2014å¹´è?????ºä?è¿??¥è½°è½°ç???????¹é?©æµªæ½??2014å¹???è¯???ä¼??????¨è?注å???¶æ?¹é?©ï?9????两è?????????©å?ï¼?11??æ²?¸¯??å¼?å§??¡ç¥¨äº¤æ??ï¼?????èµ?????????èµ???大é??è¿??ºï?????äº?2014-2015å¹´ç????èµ?????å¸?????

????????è¡?ä¸??ºæ???¢æ?¥ç??ï¼?2014å¹?3-Q4社è??????ä½??¶è?????·®??ç»????½ï?ä¿??©ä?è´¹æ?¶å?¥å??æ¯?ä»?å¤?ä¸?è¡??ºé?´ï?10å¹´æ???½å?ºæ?¶ç????ä»??¨å????ä¸?è¡?ï¼?缺ä??ºæ???¢æ????ä¹?ä¸???½®è¡???ä¸??¶è???ä¿??©è?½ä???ä¸?涨ä?å¹?åºþ=????ï¼????¸å?????¾è??????äº?èµ?????ºæ?¹é?©å????ä¸???èµ?????å¸???å¸þ=?¥ç???ºæ???¢å????ï¼?è¡?ä¸?涨å????¾ï?2014.10-2014.12ç´??涨å?è¾?34.2ï¼???

????2018.6-2019.4:2018年中ç¾?è´¸æ???©æ?þ@??级ï?GDPå¢?????ç»??è¡?ï¼???æ¯?å¢???.6ï¼?ï¼?为å??å¹´æ??ä½?æ°´å¹³ï¼?ç»?æµ?å¢??¿å?¨å??ä¸?足ï?2018å¹´å??为å?»æ????è´§å??¿ç?????稳å?¥å??ç´§ï?年中å¤?????è¿?ç¾????¨å?????6??24?¥ï?å¤??ä¸?è°?å­?款å??å¤?????ï¼?è´§å??¿ç?è½???宽æ?¾ã??

????????è¡?ä¸??ºæ?????ï¼?2018å¹?1社è??大å?ä¸?è¡??³å¹´??§¦åº???å¼¹ï?Q3-Q4ä¿?è´¹æ?¶å?¥å??æ¯?????ï¼?ä½?10å¹´æ???½å?ºæ?¶ç????ä»?å¤?äº?ä¸?è¡??ºé?´ï?2019å¹´ç?æµ????°â??å¼±å?????ä¿?????¿ï????????¿å????¶¨??

??????å¾?æµ·å?é£??©é???

??????å¾?æµ·å?é£??©é???

????ï¼?

????????é£??¼å?å¾?ä¸????¿é??¼ç?¸ä¼´ï¼???两è????表ç?°å?ºä?å®?????è··è··?¿â????åº???2010年以?¥ç??ä¸?è½?????è¡????????????¨æ??011å¹?2013å¹´ã??2014å¹´ã??2018å¹?2019å¹´ï?ä¸????¿é??¼æ???¾å??ä¼???2013-2015å¹´ã??2019-2021å¹´å??¨æ???¾ç??????ï¼?è¿???????为两类å???·å????äº?æµ??¨æ?§å??¾ç????????ä½????¶ï?????é£??¼ä»¥å¤§ç????筹为主ï????¿é??¼ä»¥ä¸????为主ï¼?两类é£??¼å?¨è???å±??¢è¡¨?°å?ºä????¾ç????è··è··?¿â????åº?ï¼???论æ???¨é????é£??¼ä¸»è¡???è¿??????¿é??¼ç??主è???ï¼??ºé?´ä????????°æ?æ¶?å½¼é?¿æ???¿ã??

??????å¾?æµ·å?é£??©é???

????2023å¹´ç?æµ????°â??å¼±å????????¿ï??????¿å????¸´è´§å?宽æ?¾ä???ä¸??¹ä¼°???¿ç?????????ï¼?????é£??¼å?·å?ä¸?å®???ç½??¡ä»¶??

????04ä¸??¨å??ºæ?»è???ç»???表ç?°å?????¹è¿½è¸?/STRONG>

????4???????°æ?????????½ï?社è????ä¿¡è´·??ä½?äº?å¸??ºé?????2023å¹???11?¥ï?å¤?????äº?2023å¹???份ç??????ç»?计æ?°æ???ï¼?1ï¼?M2??æ¯?å¢???2.4ï¼?ï¼?å¢???è¾?3????????.3ä¸??¾å???¹ï?ï¼?2ï¼?M1??æ¯?å¢???.3ï¼?ï¼?å¢???è¾?3????????0.2ä¸??¾å???¹ï?ï¼?3ï¼??°å?人æ?å¸?è´·æ?7188亿ï???æ¯?å¤?å¢?649亿ï?ï¼?4ï¼?2023å¹?????¤¾ä¼???èµ?è§?模å???ä¸?59.95ä¸?亿å??ï¼???æ¯?å¢???0ï¼???

????M1 å¢?????ç»??è¿·ï?M2 ??æ¯?è¶?é¢??????½ã??4??M2 ??æ¯??¸æ?ä¸????¶ç?0.3 ä¸??¾å???¹ä????·ä?äº?å¸??ºé?????ä¸?ä¸????»å¹´????M2 ?ºæ?°èµ°é«?ï¼??´é??è¦?????????M2 ??ç¡?¼±äº?ä¸???ï¼??ºä????¨é?¨å?款è?åºþ??ä¸???ï¼?è¾¹é???¥ç??ï¼?????è´¢æ?¿æ???ºç????åºþ@???½æ????ä¸?????M1 ??æ¯?å¢???.3ï¼?ï¼?å¢????¸æ?ä¸?????å¿??0.2 ä¸??¾å???¹ï?ä½?ä»??¶ä?äº?è¾?ä½?æ°´å¹³ï¼???次å?°è???产ç??¥è?å¾?ä¿????M1-M2 å¢???å·??¶æ??0.5 ä¸??¾å???¹è??7.1ï¼???

??????å¾?æµ·å?é£??©é???

????

????ä¿¡è´·å¢??¿ä?è¿·ï?ä¿¡è´·??æ±????½ä?稳ã??å¤???°æ???¾ç¤ºï¼?ä¸?季度人æ?å¸?è´·æ?å¢???10.6ä¸?亿å??ï¼???æ¯?å¤?å¢?2.27ä¸?亿å???????¨é?¨ç??ï¼?ä½??·è´·æ¬¾å???1.71ä¸?亿ï?ä¼?ï¼?äº?ï¼?ä¸???ä½?è´·æ?å¢???.99ä¸?亿å??ï¼???人æ?å¸?è´·æ??°å???84.8ï¼???对å?ä½?ç»?æµ????¾ç??人æ?å¸?è´·æ?ä½?é¢?ä¸?24.4ä¸?亿å??ï¼???æ¯?å¢???1.7ï¼?ï¼?对å?ä½?ç»?æµ????¾ç??人æ?å¸?è´·æ?ä½?é¢???????社ä???èµ?è§?模å?????62.3ï¼?ï¼???æ¯?é«?0.9ä¸??¾å???¹ã???¼å?注æ????????¨å?æ°?å­?款å??å°??????¶ï?å±?æ°?è´·æ?ä¹??¨å??å°???å¤???°æ???¾ç¤ºï¼?4??人æ?å¸?è´·æ?å¢???7188亿å??ï¼???æ¯?å¤?å¢?649亿å???????¨é?¨ç??ï¼?ä½??·è´·æ¬¾å??å°?2411亿å??ï¼??¶ä¸­ï¼?????è´·æ???å°?1255亿å??ï¼?ä¸??¿æ??è´·æ???å°?1156亿å????2023 年央è¡????½ä?ä¸?ç¼´ç?å­??©æ¶¦ï¼???????æ¯??ºæ?°æ??????ä¿¡è´·???¾è??å¥????½æ?¾ç?ï¼?M2 ??æ¯?è¶?é¢??????½ã??4 ??社è??å¢???10.0ï¼?ï¼?ä¸?季度信贷??大ä??????¾æ??对å??ç»?¿¡è´·å½¢??ä¸?å®??????社è??涨å?¿å???½ã??????平稳?¶æ????¤æ?以å?ï¼??¶ç???????¿å?°äº§è°??§ç???ç´?å½±å??ï¼?ä»?2022å¹´å¹´ä¸??å§?ï¼?ä¿¡è´·???¾ä¼¼ä¹??´å??ä¾?èµ??¿å??¸å?³è´·æ¬¾ï??¹å????¤§???¶è????¿ç??§é?¶è???为信贷æ???¾ç??主è???????é¢?计æ?°å?信贷项ç???¨å?ä¼???å°?ï¼??ºå»ºä¿¡è´·??æ±????½èµ°å¼±ï?ä¸?ºº????è¿?è´·ç???°è±¡ä»??¨æ??ç»???»ä?ä¸?è´·æ???æ±???å¼±ã??

????4??ä¸?ººå­?款ä???ï¼???è´¢è?模已????å¢??¿é??????ä»?å¹???å­?款å??å°???并é????ä½?ï¼?ä¾?å¦?2021å¹???å­?款å??å°?7252亿å??ï¼?2021å¹???å­?款å??å°?11300亿å??ï¼?ä»?å±?æ°?å­?款æ?°æ????ï¼?ä»?å¹???å­?款å??å°???ä¹?并é????ä½?ï¼?ä¾?å¦?2021å¹???å±?æ°?å­?款å??å°?15700亿å??ï¼?2021å¹???å±?æ°?å­?款å??å°?13600亿å??ï¼?2021å¹?0??å±?æ°?å­?款å??å°?12100亿å????ä¸?ººå­?款ä???主è????±ä?ä¸?ººå¢?????è´¢å??????è¿?è´·ç???4??ä¸?ººå­?款ä???äº?1.2ä¸?亿ï?主è????±ä?å½???ä¸?ººå¤§å?ä¹°å?¥ï?使å???è´¢è?模å???äº?1.2ä¸?亿以ä¸?ï¼??þ@?ï¼?ä¸?ºº???¿è?è´·æ?2411亿å????æ­¤å?ï¼?ä¸?ºº??ç½???©å???ºå?¸ç?产å????ä»???æ¯??°æ????ï¼?ä»?å¹???å±?æ°?å­?款å??å°?1.2ä¸?亿ï???æ¯?å¤???è¿?5000亿å?????±ä???ä¸??¶è??¨å?åºþ=???????²å?款ç????è¦?ï¼??±æ?å­?款å?¨å?åºþ=?????????ç¬????ä»??¶è?æµ??ºï???è½?¸º??è´¢ç?ï¼?ä¹?è¾?为æ?常ï?å°¤å?¶æ???¨æ?å¹´â??å¼??¨çº¢?????´ã??

??????å¾?æµ·å?é£??©é???

??????å¾?æµ·å?é£??©é???

??????å¾?æµ·å?é£??©é???

????05é£??©æ??ç¤?/STRONG>

???????¨æ???¿ç?ä¸???é¢???ï¼???????å±?è¶?é¢????¶å????

?¨é?¨è?è®