From January to August, China's aggregate social financing increased by 26.56 trillion yuan, with the outstanding balance reaching 433.66 trillion yuan.

From January to August, China's aggregate social financing increased by 26.56 trillion yuan, with the outstanding balance reaching 433.66 trillion yuan.

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On the 12th, the People's Bank of China released financial data showing:

Preliminary statistics indicate that in the first eight months of 2025, the cumulative increase in total social financing was 26.56 trillion yuan, 4.66 trillion yuan more than the same period last year.

Among them, RMB loans issued to the real economy increased by 12.93 trillion yuan, 485.1 billion yuan less than the same period last year; foreign currency loans to the real economy (converted to RMB) decreased by 81.6 billion yuan, 76.7 billion yuan less than the same period last year; entrusted loans decreased by 85.5 billion yuan, 30.7 billion yuan more than the same period last year; trust loans increased by 194.2 billion yuan, 161.4 billion yuan less than the same period last year; undiscounted bankers’ acceptances decreased by 22.3 billion yuan, 256.6 billion yuan less than the same period last year; net corporate bond financing was 1.56 trillion yuan, 221.4 billion yuan less than the same period last year; net government bond financing was 10.27 trillion yuan, 4.63 trillion yuan more than the same period last year; domestic equity financing by non-financial enterprises was 266.9 billion yuan, 109.3 billion yuan more than the same period last year.

Total Social Financing Stock at the End of August 2025: 433.66 Trillion Yuan

Preliminary statistics show that at the end of August 2025, the stock of total social financing was 433.66 trillion yuan, up 8.8% year-on-year. Among them, RMB loans to the real economy amounted to 265.42 trillion yuan, up 6.6% year-on-year; foreign currency loans to the real economy (converted to RMB) amounted to 1.19 trillion yuan, down 21% year-on-year; entrusted loans totaled 11.15 trillion yuan, down 0.6% year-on-year; trust loans totaled 4.49 trillion yuan, up 5.5% year-on-year; undiscounted bankers’ acceptances totaled 2.12 trillion yuan, down 4.1% year-on-year; corporate bonds totaled 33.47 trillion yuan, up 3.7% year-on-year; government bonds totaled 91.36 trillion yuan, up 21.1% year-on-year; domestic equity balance of non-financial enterprises totaled 11.99 trillion yuan, up 3.4% year-on-year.

In terms of structure, at the end of August, the balance of RMB loans to the real economy accounted for 61.2% of the total social financing stock, 1.2 percentage points lower year-on-year; the balance of foreign currency loans to the real economy (converted to RMB) accounted for 0.3%, 0.1 percentage points lower year-on-year; entrusted loans accounted for 2.6%, down 0.2 percentage points year-on-year; trust loans accounted for 1%, down 0.1 percentage points year-on-year; undiscounted bankers’ acceptances accounted for 0.5%, down 0.1 percentage points year-on-year; corporate bonds accounted for 7.7%, down 0.4 percentage points year-on-year; government bonds accounted for 21.1%, 2.2 percentage points higher year-on-year; domestic equity of non-financial enterprises accounted for 2.8%, 0.1 percentage points lower year-on-year.

More updates are coming…

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