People's Bank of China: The total increase in social financing scale in 2025 is expected to reach 35.6 trillion yuan, an increase of 3.34 trillion yuan from the previous year.

On January 15, the central bank released the "2025 Financial Statistics Report." Preliminary statistics show that by the end of 2025, the stock of social financing amounted to 44.212 trillion yuan, an 8.3% year-on-year increase. The cumulative increase in the scale of social financing for the entire year of 2025 was 3.56 trillion yuan, which was 334 billion yuan more than the previous year. By the end of December, the broad money supply (M2) balance was 340.29 trillion yuan, an 8.5% year-on-year increase. The narrow money supply (M1) balance was 115.51 trillion yuan, a 3.8% year-on-year increase. The balance of currency in circulation (M0) was 14.13 trillion yuan, a 10.2% year-on-year increase. The net cash injection for the entire year was 1.31 trillion yuan. The report also indicates that by the end of 2025, the balance of total social financing amounted to 44.212 trillion yuan, an 8.3% year-on-year increase. Of this, the balance of RMB loans issued to the real economy was 268.4 trillion yuan, a 6.3% year-on-year increase. The balance of foreign currency loans converted to RMB issued to the real economy was 1.05 trillion yuan, an 18% year-on-year decrease. The balance of entrusted loans was 11.35 trillion yuan, a 1.3% year-on-year increase. The balance of trust loans was 4.67 trillion yuan, an 8.6% year-on-year increase. The balance of undiscounted bank acceptance bills was 2.15 trillion yuan, a 0.3% year-on-year decrease. The balance of corporate bonds was 34.24 trillion yuan, a 6% year-on-year increase. The balance of government bonds was 94.92 trillion yuan, a 17.1% year-on-year increase. The balance of non-financial corporate domestic stocks was 12.2 trillion yuan, a 4.1% year-on-year increase. The report also provides information on the increase in the scale of social financing for the entire year of 2025, the increase in broad money supply, and the increase in RMB deposits and loans. Additionally, it includes data on interbank RMB market rates and the balance of foreign exchange reserves.