The situation of weak credit extension has not been significantly relieved. According to sources, by February 19, the four major banks had extended about 70 billion yuan in new RMB loans in February, with one of the major banks registering negative growth in new loans. In the first two weeks of February, the four major banks only extended over 30 billion yuan in new RMB loans, which was surprisingly low. In the following week, the four major banks obviously increased the intensity of credit extension, with the volume of loans extended in that week basically equaling the volume extended in the previous two weeks, but there was still no explosive growth. Sources analyzed that apart from insufficient effective demand, the weakness in the performance of new loan extensions compared to past extensions was also partly related to loans extended to local government financing platforms and real estate loans. For example, loans to local government financing platforms were once a key area for bank credit extension in the past three years and are currently gradually maturing. Moreover, new credit supply in this area is also strictly restricted. Banks have temporarily failed to find more alternative areas for credit extension, so naturally their growth is weak.