2025年10月末，社会融资规模存量同比增长8.5%

Group 1: Social Financing Scale - As of the end of October 2025, the total social financing scale reached 437.72 trillion yuan, marking a year-on-year growth of 8.5% [1] - The balance of RMB loans to the real economy was 267.01 trillion yuan, with a year-on-year increase of 6.3% [1] - The balance of foreign currency loans to the real economy, converted to RMB, was 1.15 trillion yuan, showing a year-on-year decline of 16.9% [1] Group 2: Structure of Financing - By the end of October, RMB loans accounted for 61% of the total social financing scale, down 1.3 percentage points year-on-year [2] - The proportion of government bonds increased by 2 percentage points to 21.3% year-on-year [2] - The share of corporate bonds decreased by 0.3 percentage points to 7.7% year-on-year [2] Group 3: Financing Increment - The cumulative increment of social financing 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 [3] - RMB loans to the real economy increased by 14.52 trillion yuan, which was a decrease of 1.16 trillion yuan year-on-year [3] - Government bonds net financing reached 11.95 trillion yuan, an increase of 3.72 trillion yuan year-on-year [3] Group 4: Monetary Supply - By the end of October, the broad money supply (M2) was 335.13 trillion yuan, reflecting a year-on-year growth of 8.2% [4] - The narrow money supply (M1) was 112 trillion yuan, with a year-on-year increase of 6.2% [4] - The cash in circulation (M0) reached 13.55 trillion yuan, showing a year-on-year growth of 10.6% [4] Group 5: Deposits - By the end of October, the total deposits in both domestic and foreign currencies amounted to 332.92 trillion yuan, with a year-on-year increase of 8.3% [5] - RMB deposits increased by 23.32 trillion yuan in the first ten months of 2025 [5] - Foreign currency deposits reached 1.04 trillion USD, marking a year-on-year growth of 24.3% [5] Group 6: Loans - By the end of October, the total loans in both domestic and foreign currencies were 274.54 trillion yuan, with a year-on-year increase of 6.3% [6] - RMB loans increased by 14.97 trillion yuan in the first ten months of 2025 [6] - Foreign currency loans decreased by 3% year-on-year, with an increase of 125 million USD in the first ten months [6] Group 7: Interbank Market - In October, the total transaction volume in the interbank RMB market reached 164.86 trillion yuan, with an average daily transaction of 9.16 trillion yuan, reflecting a year-on-year growth of 0.9% [7] - The weighted average interest rate for interbank lending was 1.39%, lower than the previous month and the same period last year [7] - The weighted average rate for pledged bond repos was 1.4%, also lower than the previous month and the same period last year [7] Group 8: Cross-Border RMB Settlement - In October, the cross-border RMB settlement amount under the current account was 1.41 trillion yuan [8] - The direct investment cross-border RMB settlement amount was 0.65 trillion yuan [8] - The breakdown included 1.09 trillion yuan for goods trade and 0.32 trillion yuan for service trade [8]