社融增长8.5％！央行刚刚发布10月金融统计数据

Core Insights - The People's Bank of China reported a year-on-year growth of 8.5% in the total social financing scale as of October 2025, reaching 437.72 trillion yuan [2] - The report indicates a mixed performance in various financing components, with significant growth in government bonds and a decline in foreign currency loans [2][4] Financing Scale - The total social financing increment for the first ten months of 2025 was 30.9 trillion yuan, an increase of 3.83 trillion yuan compared to the same period last year [4] - The balance of RMB loans to the real economy was 267.01 trillion yuan, growing by 6.3% year-on-year, while foreign currency loans decreased by 16.9% [2][4] Monetary Supply - The broad money supply (M2) reached 335.13 trillion yuan, reflecting an 8.2% year-on-year increase, while narrow money supply (M1) grew by 6.2% [5] - Cash in circulation (M0) increased by 10.6% year-on-year, with a net cash injection of 728.4 billion yuan in the first ten months [5] Deposits and Loans - Total deposits in both domestic and foreign currencies reached 332.92 trillion yuan, with RMB deposits growing by 8% year-on-year [6] - RMB loans increased by 14.97 trillion yuan in the first ten months, with household loans rising by 7.396 trillion yuan [7] Interbank Market Activity - The interbank RMB market saw a total transaction volume of 164.86 trillion yuan in October, with a daily average transaction of 9.16 trillion yuan, marking a 0.9% year-on-year increase [8] - The weighted average interest rate for interbank lending was 1.39%, lower than both the previous month and the same period last year [8] Cross-Border Transactions - In October, the cross-border RMB settlement amount for current account transactions was 1.41 trillion yuan, with direct investment settlements totaling 0.65 trillion yuan [9]