Core Insights - The People's Bank of China reported that as of the end of August 2025, the total social financing scale was 433.66 trillion yuan, reflecting a year-on-year growth of 8.8% [1] - The balance of RMB loans to the real economy was 265.42 trillion yuan, with a year-on-year increase of 6.6% [1] - The balance of foreign currency loans to the real economy, converted to RMB, was 1.19 trillion yuan, showing a year-on-year decline of 21% [1] Summary by Category Loan Balances - The balance of entrusted loans was 11.15 trillion yuan, down 0.6% year-on-year [1] - The balance of trust loans was 4.49 trillion yuan, with a year-on-year increase of 5.5% [1] - The balance of undiscounted bank acceptance bills was 2.12 trillion yuan, reflecting a year-on-year decline of 4.1% [1] Bond and Stock Balances - The balance of corporate bonds was 33.47 trillion yuan, showing a year-on-year growth of 3.7% [1] - The balance of government bonds was 91.36 trillion yuan, with a significant year-on-year increase of 21.1% [1] - The balance of non-financial corporate stocks in the domestic market was 11.99 trillion yuan, reflecting a year-on-year growth of 3.4% [1] Structural Analysis - As of the end of August, RMB loans to the real economy accounted for 61.2% of the total social financing scale, a decrease of 1.2 percentage points year-on-year [2] - Foreign currency loans to the real economy represented 0.3% of the total, down 0.1 percentage points year-on-year [2] - The proportion of entrusted loans was 2.6%, a decrease of 0.2 percentage points year-on-year [2] - Trust loans accounted for 1% of the total, down 0.1 percentage points year-on-year [2] - The share of corporate bonds was 7.7%, down 0.4 percentage points year-on-year [2] - Government bonds made up 21.1% of the total, an increase of 2.2 percentage points year-on-year [2] - Non-financial corporate stocks accounted for 2.8%, down 0.1 percentage points year-on-year [2]
8月末社融规模存量 同比增长8.8%
Jin Rong Shi Bao·2025-09-15 02:03