Central Bank: By the end of October 2025, the stock of social financing reached 437.72 trillion yuan, an increase of 8.5% year-on-year.

Preliminary statistics show that by the end of October 2025, the scale of social financing in China reached 43.772 trillion yuan, a year-on-year increase of 8.5%. Among them, the balance of RMB loans issued to the real economy was 26.701 trillion yuan, an increase of 6.3% year-on-year; the balance of foreign currency loans issued to the real economy converted to RMB was 1.15 trillion yuan, a decrease of 16.9% year-on-year; entrusted loans amounted to 11.34 trillion yuan, an increase of 1% year-on-year; trust loans were at 4.52 trillion yuan, an increase of 5.6% year-on-year; the balance of undiscounted bank acceptance bills was 2.15 trillion yuan, a decrease of 2.2% year-on-year; corporate bond balance was 33.68 trillion yuan, an increase of 4.9% year-on-year; government bond balance was 93.03 trillion yuan, an increase of 19.2% year-on-year; non-financial corporate domestic stock balance was 12.11 trillion yuan, an increase of 4.1% year-on-year.