央行：2025年前十一个月社会融资规模增量累计为33.39万亿元，比上年同期多3.99万亿元

Core Insights - The People's Bank of China reported that the cumulative increase in social financing for the first eleven months of 2025 reached 33.39 trillion yuan, which is an increase of 3.99 trillion yuan compared to the same period last year [1] Summary by Category Loans to the Real Economy - The increase in RMB loans to the real economy amounted to 14.93 trillion yuan, which is a year-on-year decrease of 1.28 trillion yuan [1] - Foreign currency loans to the real economy, converted to RMB, decreased by 1.368 billion yuan, which is a year-on-year reduction of 1.873 billion yuan [1] Other Financing Methods - Entrusted loans increased by 895 billion yuan, showing a year-on-year increase of 1.453 trillion yuan [1] - Trust loans increased by 300.3 billion yuan, which is a year-on-year decrease of 82.3 billion yuan [1] - The amount of un-discounted bank acceptance bills increased by 160.5 billion yuan, reflecting a year-on-year increase of 356.8 billion yuan [1] Corporate Financing - Net financing through corporate bonds reached 2.24 trillion yuan, which is an increase of 312.5 billion yuan year-on-year [1] - Net financing through government bonds amounted to 13.15 trillion yuan, representing a year-on-year increase of 3.61 trillion yuan [1] - Domestic stock financing for non-financial enterprises totaled 420.4 billion yuan, which is an increase of 178.8 billion yuan compared to the previous year [1]