The latest data from the Chinese central bank points to a more than 10% rise in outstanding total social financing for the month of August.
Initial data from the People’s Bank of China (PBOC) indicates that as of the end of August outstanding total social financing stood at 216.01 trillion yuan, for a YoY rise of 10.7%.
The balance of renminbi loans to the real economy was 146.82 trillion yuan, for a YoY rise of 12.6%, while the balance of foreign currency loans to the real economy was equal to 2.23 trillion yuan, for a YoY decline of 10.3%.
The entrusted loan balance was 11.74 trillion yuan for a YoY decline of 9.5%, while the trust loan balance was 7.75 trillion yuan, for a YoY fall of 4.3%.
The balance of undiscounted bankers acceptance bills was 3.33 trillion yuan, for a YoY fall of 12.8%, while the corporate bond balance was 21.65 trillion yuan, for a YoY rise of 11.3%.
The local government special bond balance was 9.21 trillion yuan for a YoY rise of 43.1%.
The balance of renminbi loans to the real economy accounted for 68% of outstanding total social financing as of the end of August, for a rise of 1.2 percentage points compared to the same period last year.
As of the end of August the broad M2 money supply balance was 193.55 trillion yuan for a YoY rise of 8.2%, and an acceleration of 0.1 percentage points compared to the end of the preceding month.
The narrow M1 money supply balance was 55.68 trillion yuan, for a YoY rise of 3.4%, and an acceleration of 0.3 percentage points compared ot the end of the preceding month.
