Core Viewpoint - The People's Bank of China released the loan allocation statistics report for financial institutions for the third quarter of 2025, indicating a steady growth in household loans and business loans [1] Loan Balances - As of the end of the third quarter of 2025, the balance of household loans in both domestic and foreign currencies reached 83.94 trillion yuan, reflecting a year-on-year growth of 2.3% and an increase of 1.1 trillion yuan in the first three quarters [1] - The balance of operating loans stood at 25.21 trillion yuan, showing a year-on-year increase of 4.8% and an addition of 1.04 trillion yuan in the first three quarters [1] - The balance of consumer loans, excluding personal housing loans, was 21.29 trillion yuan, with a year-on-year growth of 4.2% and an increase of 306.2 billion yuan in the first three quarters [1]

Core Insights - The People's Bank of China released the loan allocation statistics report for financial institutions for Q3 2025, indicating a steady growth in household loans and business loans [1] Group 1: Household Loans - The balance of household loans in both domestic and foreign currencies reached 83.94 trillion yuan, reflecting a year-on-year growth of 2.3% [1] - In the first three quarters, household loans increased by 1.1 trillion yuan [1] Group 2: Business Loans - The balance of operating loans amounted to 25.21 trillion yuan, with a year-on-year increase of 4.8% [1] - Business loans saw an increase of 1.04 trillion yuan in the first three quarters [1] Group 3: Consumer Loans - The balance of consumption loans, excluding personal housing loans, stood at 21.29 trillion yuan, showing a year-on-year growth of 4.2% [1] - In the first three quarters, consumption loans increased by 306.2 billion yuan [1]

Core Insights - The People's Bank of China released the loan allocation statistics report for financial institutions for Q3 2025, indicating a slight decline in real estate loans and growth in household loans [1] Group 1: Real Estate Loans - As of the end of Q3 2025, the balance of RMB real estate loans stood at 52.83 trillion yuan, reflecting a year-on-year decrease of 0.1% [1] - The growth rate of real estate loans increased by 0.1 percentage points compared to the end of the previous year [1] - In the first three quarters of 2025, real estate loans decreased by 84 billion yuan [1] Group 2: Household Loans - The balance of both RMB and foreign currency household loans reached 83.94 trillion yuan by the end of Q3 2025, showing a year-on-year growth of 2.3% [1] - In the first three quarters of 2025, household loans increased by 1.1 trillion yuan [1] Group 3: Business and Consumption Loans - The balance of operating loans amounted to 25.21 trillion yuan, with a year-on-year increase of 4.8% [1] - In the first three quarters of 2025, operating loans rose by 1.04 trillion yuan [1] - The balance of consumption loans, excluding personal housing loans, reached 21.29 trillion yuan, reflecting a year-on-year growth of 4.2% [1] - Consumption loans increased by 306.2 billion yuan in the first three quarters of 2025 [1]