人民银行：前十一个月社融增量累计为33.39万亿元

Core Insights - The People's Bank of China released the financial statistics report for November 2025, indicating a cumulative increase in social financing scale of 33.39 trillion yuan for the first ten months, which is 3.99 trillion yuan more than the same period last year [1] Summary by Category Loans to the Real Economy - The increase in RMB loans to the real economy was 14.93 trillion yuan, which is a year-on-year decrease of 1.28 trillion yuan [1] - The decrease in foreign currency loans to the real economy, converted to RMB, was 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, which is a year-on-year increase of 1.453 trillion yuan [1] - Trust loans increased by 3.003 trillion yuan, which is a year-on-year decrease of 823 billion yuan [1] - The amount of unendorsed bank acceptance bills increased by 1.605 trillion yuan, which is a year-on-year increase of 3.568 trillion yuan [1] Corporate Financing - Net financing through corporate bonds reached 2.24 trillion yuan, which is a year-on-year increase of 312.5 billion yuan [1] - Net financing through government bonds was 13.15 trillion yuan, which is a year-on-year increase of 3.61 trillion yuan [1] - Domestic stock financing for non-financial enterprises amounted to 420.4 billion yuan, which is a year-on-year increase of 178.8 billion yuan [1]