2025年上海社会融资规模增加11632亿元 同比多增1021亿元

Core Viewpoint - The People's Bank of China Shanghai Headquarters reported that the social financing scale in Shanghai increased by 1.1632 trillion yuan in 2025, which is 102.1 billion yuan more than the previous year, effectively meeting the financing needs of the real economy [1]. Financing Structure - The structure of financing shows that RMB loans to the real economy increased by 658.9 billion yuan, accounting for 56.6% of the total social financing increment. Direct financing rose by 341.9 billion yuan, making up 29.4% of the total, with a year-on-year increase of 15 percentage points [1]. - Net financing from various types of bonds reached 287.2 billion yuan, an increase of 151.7 billion yuan year-on-year, while net financing from non-financial corporate stocks was 54.7 billion yuan, up by 36.9 billion yuan year-on-year [1]. - Off-balance-sheet net financing, including entrusted loans, trust loans, and undiscounted bank acceptance bills, increased by 73.5 billion yuan, which is 148.7 billion yuan more than the previous year [1]. Loan and Deposit Growth - By the end of December, the total balance of loans in both domestic and foreign currencies reached 13.07 trillion yuan, a year-on-year growth of 6.5%, which is 0.3 percentage points higher than the national average. The total increase in loans for the year was 796.7 billion yuan [1]. - Household loans grew by 8.1% year-on-year, with personal housing loans increasing by 7.9%. Non-financial corporate loans rose by 4.5%, and overseas loans saw a significant increase of 22.9% [2]. - The total balance of deposits in both domestic and foreign currencies was 24.5 trillion yuan at the end of December, reflecting an 11.3% year-on-year growth, which is 2.3 percentage points higher than the national average. The total increase in deposits for the year was 2.49 trillion yuan [2]. Future Financial Policy - The People's Bank of China plans to continue implementing a moderately loose monetary policy and promote coordinated fiscal and financial measures to stimulate domestic demand. The aim is to maintain low comprehensive financing costs and enhance the quality and efficiency of financial services for the real economy, supporting Shanghai's strong start in the 14th Five-Year Plan [3].