Core Insights - The People's Bank of China reported that by the end of September 2025, the total social financing scale reached 437.08 trillion yuan, marking an 8.7% year-on-year increase [1] - The report indicates a mixed performance in various lending categories, with significant growth in government bonds and a decline in foreign currency loans [1][3] Financing Structure - By the end of September, the balance of RMB loans to the real economy accounted for 61.1% of the total social financing scale, down 1.3 percentage points year-on-year [2] - The proportion of foreign currency loans was 0.3%, a decrease of 0.1 percentage points year-on-year [2] - The balance of government bonds increased by 20.2% year-on-year, reaching 92.55 trillion yuan, while corporate bonds grew by 4.5% [1][2] Loan and Deposit Trends - The total balance of loans in both domestic and foreign currencies was 274.33 trillion yuan, with RMB loans at 270.39 trillion yuan, reflecting a 6.5% and 6.6% year-on-year growth, respectively [4] - In the first three quarters, RMB deposits increased by 22.71 trillion yuan, with household deposits rising by 12.73 trillion yuan [4] - The average interbank lending rate for RMB was 1.45% in September, indicating stable liquidity conditions [4] Cross-Border Transactions - In the first three quarters, the cross-border RMB settlement amount reached 13.06 trillion yuan, with goods trade accounting for 9.97 trillion yuan [5]

Key Points - The People's Bank of China released financial statistics for the first three quarters of 2023, highlighting significant monetary and financing data [1] Monetary Data - As of September 2025, the broad money supply (M2) reached 335.38 trillion yuan, with a year-on-year growth of 8.4%, which is 1.5 percentage points higher than the same period last year [3] - The narrow money supply (M1) stood at 113.15 trillion yuan, showing a year-on-year increase of 7.2% [3] Financing Data - The total social financing stock was 437.08 trillion yuan, reflecting a year-on-year growth of 8.7%, which is 0.7 percentage points higher than the previous year [3] - In the first three quarters, the incremental social financing amounted to 30.09 trillion yuan, which is 4.42 trillion yuan more than the same period last year [3] Loan and Deposit Data - By the end of September, the balance of various RMB loans was 270.39 trillion yuan, with a year-on-year growth of 6.6% [3] - The total balance of deposits in both RMB and foreign currencies reached 332.18 trillion yuan, marking an 8.3% year-on-year increase, while the RMB deposit balance was 324.94 trillion yuan, up 8% year-on-year [3]

Group 1 - The broad money supply (M2) reached 335.38 trillion yuan by the end of September 2025, with a year-on-year growth of 8.4%, which is 1.5 percentage points higher than the same period last year [3] - The total social financing stock was 437.08 trillion yuan, growing by 8.7% year-on-year, which is 0.7 percentage points higher than the same period last year; the cumulative increase in social financing for the first three quarters was 30.09 trillion yuan, which is 4.42 trillion yuan more than the same period last year [3] - By the end of September, the balance of RMB loans was 270.39 trillion yuan, with a year-on-year growth of 6.6% [3] - The balance of deposits in both RMB and foreign currencies reached 332.18 trillion yuan by the end of September, with a year-on-year growth of 8.3%; the balance of RMB deposits was 324.94 trillion yuan, growing by 8% year-on-year [3]

Core Insights - The People's Bank of China released financial statistics for the first three quarters of 2025, indicating a significant growth in both domestic and foreign currency deposits [1] Group 1: Domestic Currency Deposits - As of the end of September, the total balance of domestic and foreign currency deposits reached 332.18 trillion yuan, reflecting a year-on-year growth of 8.3% [1] - The balance of RMB deposits stood at 324.94 trillion yuan, with a year-on-year increase of 8% [1] - In the first three quarters of 2025, RMB deposits increased by 22.71 trillion yuan, driven by a rise in household deposits by 12.73 trillion yuan, non-financial enterprise deposits by 1.53 trillion yuan, fiscal deposits by 1.37 trillion yuan, and deposits from non-bank financial institutions by 4.81 trillion yuan [1] Group 2: Foreign Currency Deposits - As of the end of September, the balance of foreign currency deposits was 1.02 trillion USD, showing a year-on-year growth of 20% [1] - In the first three quarters, foreign currency deposits increased by 165.8 billion USD [1]

Core Insights - In the first half of the year, Hubei Province added 580.8 billion yuan in new loans, ranking second in the central region, with an increase of 106.2 billion yuan year-on-year [1] - By the end of June, the balance of deposits in Hubei Province exceeded 10 trillion yuan, marking a year-on-year growth of 9.3%, making it the 10th province in the country to surpass this threshold [1]

Core Insights - As of the end of May, the total balance of both domestic and foreign currency deposits in Shanghai reached 22.33 trillion yuan, reflecting a year-on-year growth of 5.7% [1] - The balance of RMB deposits stood at 21.04 trillion yuan, with a year-on-year increase of 5.2% [1] - The balance of foreign currency deposits was 179.9 billion USD, showing a year-on-year growth of 12.9% [1] - In May, RMB deposits increased by 163.7 billion yuan, which is a decrease of 30.5 billion yuan compared to the same month last year [1]

Core Insights - The People's Bank of China reported that as of the end of May, the total balance of both domestic and foreign currency deposits reached 324.08 trillion yuan, reflecting a year-on-year growth of 8.3% [1] - The balance of RMB deposits at the end of May was 316.96 trillion yuan, with a year-on-year increase of 8.1% [1] Summary by Category - **Total Deposits** - The total balance of deposits (both domestic and foreign currency) is 324.08 trillion yuan, showing an 8.3% increase compared to the previous year [1] - **RMB Deposits** - The balance of RMB deposits stands at 316.96 trillion yuan, which is an 8.1% year-on-year growth [1]