央行：2025年全年社会融资规模增量累计为35.6万亿元

Core Insights - The People's Bank of China reported that the total social financing scale increased by 3.34 trillion yuan in 2025, reaching 35.6 trillion yuan compared to the previous year [1] Summary by Category Loans to the Real Economy - The increase in RMB loans to the real economy was 15.91 trillion yuan, which is a decrease of 1.13 trillion yuan year-on-year [1] - Foreign currency loans to the real economy decreased by 204.3 billion yuan, a year-on-year reduction of 187.3 billion yuan [1] Other Financing Methods - Entrusted loans increased by 120.3 billion yuan, which is an increase of 178 billion yuan year-on-year [1] - Trust loans increased by 368.2 billion yuan, showing a decrease of 29.4 billion yuan year-on-year [1] - Undiscounted bank acceptance bills increased by 11.2 billion yuan, which is an increase of 340.5 billion yuan year-on-year [1] Corporate Financing - Net financing through corporate bonds reached 2.39 trillion yuan, an increase of 482.5 billion yuan year-on-year [1] - Net financing through government bonds was 13.84 trillion yuan, which is an increase of 2.54 trillion yuan year-on-year [1] - Domestic stock financing for non-financial enterprises amounted to 476.3 billion yuan, an increase of 186.3 billion yuan year-on-year [1]