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Banking Economy

Outstanding Total Social Financing up 13.3% in August

The latest data from the Chinese central bank points to a sizeable rise in outstanding total social financing in the month of August.

Initial calculations by the People’s Bank of China (PBOC) indicate that outstanding total social financing stood at 276.74 trillion yuan at the end of August, for a YoY rise of 13.3%.

The balance of renminbi loans made to the real economy was 166.34 trillion yuan, for a YoY rise of 13.3%, while the balance of foreign currency loans made to the real economy was equivalent to 2.4 trillion yuan, for a YoY rise of 7.5%.

The entrusted loan balance was 11.16 trillion yuan, for a YoY decline of 4.9%, and the trust loan balance was 7.15 trillion yuan, for a YoY fall of 7.8%.

The undiscounted bank acceptance draft balance was 3.75 trillion yuan, for a YoY rise of 12.7%.

The enterprise bond balance was 27.29 trillion yuan, for a YoY rise of 21.1%, and the government bond balance was 43.45 trillion yuan, for a YoY rise of 18.7%.

The non-financial enterprise domestic share balance was 7.85 trillion yuan, for a YoY rise of 8.8%.

In structural terms the balance of renminbi loans made to the real economy comprised 60.1% of outstanding total social financing, on par with the same period last year.

Foreign currency loans made to the real economy accounted for a 0.9% share, for no change compared to the same period last year, while the entrusted loan balance accounted for 4.0%, for a decline of 0.8 percentage points compared to the same period last year.

The trust loan balance accounted for a 2.6% share of outstanding total social financing, for a decline of 0.6 percentage points, and the undiscounted bank acceptance draft balance share was 1.4%, unchanged compared to the same period last year.

The enterprise bond balance as a share of outstanding total social financing was 9.9%, for a rise of 0.7 percentage points, and the government bond balance accounted for a 15.7% share, also for a rise of 0.7 percentage points.

The non-financial enterprise domestic share balance accounted for 2.8% of outstanding total social financing, for a decline of 0.2 percentage points compared to the same period last year.

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