Central Bank: Enterprise direct financing in the first half of the year increased significantly year-on-year

On July 15, the State Council Information Office held a press conference on the implementation of monetary policy and financial statistics in the first half of 2026. Yan Xiandong, spokesperson of the People's Bank of China and Director of the Investigation and Statistics Department, stated that the incremental scale of social financing has grown reasonably, and the financial system has effectively met the funding needs of the real economy. Yan Xiandong introduced that direct financing for enterprises saw a significant increase year-on-year, with a noticeable increase in proportion. In the first half of the year, non-financial corporate bond net financing was 2.07 trillion yuan, an increase of 916.7 billion yuan year-on-year; non-financial corporate stock financing was 293.3 billion yuan, an increase of 122.4 billion yuan year-on-year. The two combined accounted for 11.3% of the incremental scale of social financing, an increase of 5.6 percentage points compared to the same period last year.