Central Bank: By the end of August 2024, the scale of social financing was 39.856 trillion yuan, an increase of 8.1% year-on-year.

date
13/09/2024
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GMT Eight
On September 13, according to data from the People's Bank of China, preliminary statistics show that as of the end of August 2024, the stock of social financing stood at 398.56 trillion yuan, an increase of 8.1% year-on-year. Among them, the balance of RMB loans issued to the real economy was 24.889 trillion yuan, an increase of 8.1% year-on-year; the balance of foreign currency loans issued to the real economy converted into RMB was 1.5 trillion yuan, a decrease of 17.4% year-on-year; entrusted loans were 11.21 trillion yuan, a decrease of 1.1% year-on-year; trust loans were 4.26 trillion yuan, an increase of 13% year-on-year; undiscounted bank acceptance bills were 2.21 trillion yuan, a decrease of 17.3% year-on-year; corporate bond balance was 32.27 trillion yuan, an increase of 2.6% year-on-year; government bond balance was 75.44 trillion yuan, an increase of 15.8% year-on-year; non-financial corporate domestic stock balance was 11.59 trillion yuan, an increase of 2.7% year-on-year. In terms of structure, as of the end of August, the balance of RMB loans issued to the real economy accounted for 62.4% of the stock of social financing, a decrease of 0.1 percentage points compared to the same period last year; the balance of foreign currency loans issued to the real economy converted into RMB accounted for 0.4%, a decrease of 0.1 percentage points year-on-year; entrusted loans accounted for 2.8%, a decrease of 0.3 percentage points year-on-year; trust loans accounted for 1.1%, an increase of 0.1 percentage points year-on-year; undiscounted bank acceptance bills accounted for 0.6%, a decrease of 0.1 percentage points year-on-year; corporate bond balance accounted for 8.1%, a decrease of 0.4 percentage points year-on-year; government bond balance accounted for 18.9%, an increase of 1.2 percentage points year-on-year; non-financial corporate domestic stock balance accounted for 2.9%, a decrease of 0.2 percentage points year-on-year. This article is compiled from "People's Bank of China"; Edited by GMTEight: Chen Xiaoyi.

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