The situation of weak credit extension has not been significantly alleviated. According to insiders, as of the 19th day of the month, the four major banks had extended approximately 70 billion yuan in new RMB loans in February, with one major bank reporting negative new loan growth. In the first two weeks of February, the four major banks only extended over 30 billion yuan in new RMB loans, an unexpectedly low amount. The following week saw a clear increase in the intensity of credit extension by the four major banks, with the volume of loans extended in that week roughly equaling the total volume of the previous two weeks, yet there was still no explosive growth. Insiders analyzed that apart from insufficient effective demand, the weakness in new loan extensions also partly relates to loans for local government financing platforms and real estate loans. For instance, loans for local government financing platforms were once a main area for bank credit extension over the past three years and are now gradually maturing. Additionally, new credit supply in this area is strictly restricted, and banks have temporarily failed to find more alternative areas for credit extension, naturally leading to weaker growth.