The central bank: The incremental scale of social financing in the first eight months accumulates to 21.9 trillion yuan, a year-on-year decrease of 3.32 trillion yuan.

date
13/09/2024
avatar
GMT Eight
On September 13th, the People's Bank of China released a report on the increment of social financing scale in August 2024. According to preliminary statistics, the increment of social financing scale in the first eight months of 2024 totaled 21.9 trillion yuan, which was 3.32 trillion yuan less than the same period last year. Among them, RMB loans to the real economy increased by 1.342 trillion yuan, a decrease of 357 billion yuan compared to the previous year; foreign currency loans to the real economy decreased by 158.3 billion yuan, a decrease of 80 billion yuan compared to last year; entrusted loans decreased by 54.8 billion yuan, a decrease of 139.7 billion yuan compared to last year; trust loans increased by 355.6 billion yuan, an increase of 331.9 billion yuan compared to last year; undiscounted bank acceptance bills decreased by 278.8 billion yuan, a decrease of 280.8 billion yuan compared to last year; net financing of corporate bonds was 1.78 trillion yuan, an increase of 203.1 billion yuan from the previous year; net financing of government bonds was 5.64 trillion yuan, an increase of 679.8 billion yuan from the previous year; domestic stock financing for non-financial enterprises was 157.6 billion yuan, a decrease of 484.2 billion yuan compared to the previous year. This article is selected from the official website of the People's Bank of China, edited by GMTEight: Jiang Yuanhua.

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