?Original title: new credit volume and quality improvement structural easing is expected to continue. After the strong growth of bank credit in the first quarter, the credit and social finance data fell in April. Data released by the central bank yesterday showed that RMB loans increased by 2.12 trillion yuan in April, a decrease of 541.1 billion yuan compared with last month,重庆时时彩彩票预测高手专家专栏 and social financing increased by 2.35 trillion yuan, a decrease of nearly 51% on a month on month basis. Although the scale of new credit fell in April, there are still many bright spots in the credit structure, such as new loans in the residential sector remained stable, and the proportion of medium and long-term loans further increased. However, there are also structural data that are not as expected, some people are worried about the slowing pace of economic recovery, and some people argue that monthly data alone is not enough to make a trend judgment on the economic situation. Structural easing will be the main theme of monetary policy in the near future, considering that the prospect of trade friction is not clear and the effective demand of the real economy is still insufficient. The proportion of medium and long-term loans in the "quantity and quality improvement" of new credit has increased, and the market had expected the scale of new RMB loans to fall in April. From the perspective of credit structure, there are still many bright spots. On the one hand, the new loans of the residential sector in April were basically the same as that of the same period last year. Affected by the recovery of real estate sales, the medium and long-term loans of the residential sector dominated by personal mortgage loans increased by 425.5 billion yuan, an increase of 52.2 billion yuan over the same period last year. On the other hand, in the loan increase in April, the proportion of new medium and long-term loans rose nearly two percentage points month on month.