其中，对实体经济发放的人民币贷款增加14.93万亿元，同比少增1.28万亿元；对实体经济发放的外币贷 款折合人民币减少1368亿元，同比少减1873亿元；委托贷款增加895亿元，同比多增1453亿元；信托贷 款增加3003亿元，同比少增823亿元；未贴现的银行承兑汇票增加1605亿元，同比多增3568亿元；企业 债券净融资2.24万亿元，同比多3125亿元；政府债券净融资13.15万亿元，同比多3.61万亿元；非金融企 业境内股票融资4204亿元，同比多1788亿元。 北京商报讯（记者 廖蒙）12月12日，人民银行发布2025年11月金融统计数据报告。经初步统计，前十 一个月社会融资规模增量累计为33.39万亿元，比上年同期多3.99万亿元。 ...

11月末，外币贷款余额5429亿美元，同比下降1.6%。前十一个月外币贷款增加8亿美元。 北京商报讯（记者 廖蒙）12月12日，人民银行发布2025年11月金融统计数据报告。数据显示，截至11 月末，本外币贷款余额274.84万亿元，同比增长6.3%。月末人民币贷款余额271万亿元，同比增长 6.4%。 前十一个月人民币贷款增加15.36万亿元。分部门看，住户贷款增加5333亿元，其中，短期贷款减少 7328亿元，中长期贷款增加1.27万亿元；企（事）业单位贷款增加14.4万亿元，其中，短期贷款增加 4.44万亿元，中长期贷款增加8.49万亿元，票据融资增加1.31万亿元；非银行业金融机构贷款减少332亿 元。 ...

11月金融统计数据出炉！ 央行发布的《2025年11月金融统计数据报告》显示，初步统计，2025年前十一个月社会融资规模增量累 计为33.39万亿元，比上年同期多3.99万亿元。11月末，广义货币(M2)余额336.99万亿元，同比增长 8%。狭义货币(M1)余额112.89万亿元，同比增长4.9%。流通中货币(M0)余额13.74万亿元，同比增长 10.6%。前十一个月净投放现金9175亿元。11月末，本外币贷款余额274.84万亿元，同比增长6.3%。月 末人民币贷款余额271万亿元，同比增长6.4%。前十一个月人民币贷款增加15.36万亿元。 前十一个月人民币存款增加24.73万亿元。其中，住户存款增加12.06万亿元，非金融企业存款增加1.09 万亿元，财政性存款增加2.04万亿元，非银行业金融机构存款增加6.74万亿元。 以下为全文： 一、社会融资规模存量同比增长8.5% 初步统计，2025年11月末社会融资规模存量为440.07万亿元，同比增长8.5%。其中，对实体经济发放的 人民币贷款余额为267.42万亿元，同比增长6.3%；对实体经济发放的外币贷款折合人民币余额为1.13万 亿元，同比下降1 ...

12月12日，11月末，本外币贷款余额274.84万亿元，同比增长6.3%。月末人民币贷款余额271万亿元，同比增长6.4%。前十一个月人民币贷款增加15.36万亿 元。分部门看，住户贷款增加5333亿元，其中，短期贷款减少7328亿元，中长期贷款增加1.27万亿元；企（事）业单位贷款增加14.4万亿元，其中，短期贷 款增加4.44万亿元，中长期贷款增加8.49万亿元，票据融资增加1.31万亿元；非银行业金融机构贷款减少332亿元。11月末，外币贷款余额5429亿美元，同比 下降1.6%。前十一个月外币贷款增加8亿美元。 ...

责任编辑：曹睿潼 12月12日金融一线消息，央行今日发布11月金融统计数据报告。数据显示，2025年11月末社会融资规模 存量为440.07万亿元，同比增长8.5%。其中，对实体经济发放的人民币贷款余额为267.42万亿元，同比 增长6.3%；对实体经济发放的外币贷款折合人民币余额为1.13万亿元，同比下降16.5%；委托贷款余额 为11.32万亿元，同比增长1%；信托贷款余额为4.6万亿元，同比增长7.4%；未贴现的银行承兑汇票余额 为2.3万亿元，同比增长0.4%；企业债券余额为34.08万亿元，同比增长5.6%；政府债券余额为94.24万亿 元，同比增长18.8%；非金融企业境内股票余额为12.14万亿元，同比增长4%。 12月12日金融一线消息，央行今日发布11月金融统计数据报告。数据显示，2025年11月末社会融资规模 存量为440.07万亿元，同比增长8.5%。其中，对实体经济发放的人民币贷款余额为267.42万亿元，同比 增长6.3%；对实体经济发放的外币贷款折合人民币余额为1.13万亿元，同比下降16.5%；委托贷款余额 为11.32万亿元，同比增长1%；信托贷款余额为4.6万亿元，同比增长7 ...

Financial Data Overview - In October 2025, new social financing (社融) amounted to 815 billion RMB, a year-on-year decrease of 597 billion RMB, falling short of the market expectation of 1.53 trillion RMB[2] - New RMB loans totaled 220 billion RMB, a year-on-year decrease of 280 billion RMB, also below market expectations by 240 billion RMB[2] Social Financing Contributions - The year-on-year decrease in social financing was primarily due to a reduction in government bond supply, contributing 560.2 billion RMB, and a decrease in RMB loans by 316.6 billion RMB[3] - Corporate bonds increased by 148.2 billion RMB year-on-year, while foreign currency loans and stock financing rose by 51 billion RMB and 41.2 billion RMB, respectively[3] Credit Market Insights - On the credit side, corporate bill financing was the main contributor, with corporate loans increasing by 220 billion RMB, and corporate bill financing rising by 331.2 billion RMB year-on-year[4] - Residential short-term and long-term loans decreased by 335.6 billion RMB and 180 billion RMB, indicating a need for consumer spending stimulation[4] Monetary Supply Trends - M1 growth rate fell by 1.0 percentage points to 6.2%, while M2 growth rate decreased by 0.2 percentage points to 8.2%[5] - Non-bank deposits increased by 770 billion RMB, while both resident and corporate deposits decreased by 770 billion RMB and 355.3 billion RMB, respectively[5] Market Strategy Outlook - The overall financial data indicates a decline, but the market is expected to maintain a bullish stance on bonds due to stable liquidity and year-end calendar effects[6] - The yield on 10-year government bonds fell slightly to 1.8025% following the release of financial data, reflecting market adjustments[6]

Group 1 - The total balance of domestic and foreign currency loans in Shanghai reached 12.93 trillion yuan at the end of October, with a year-on-year growth of 7.3%, an increase of 0.2 percentage points from the previous month [1] - The balance of RMB loans was 12.31 trillion yuan, growing by 7.1% year-on-year, while foreign currency loans amounted to 865 billion USD, with a year-on-year increase of 11.6% [1] - In October, RMB loans increased by 17.8 billion yuan, with household loans increasing by 0.1 billion yuan and corporate loans decreasing by 7.3 billion yuan [1] Group 2 - In October, RMB financing through corporate bills increased by 8.4 billion yuan, with a year-on-year increase of 7.8 billion yuan [2] - Mergers and acquisitions loans and financing leases also saw increases of 1.2 billion yuan and 0.2 billion yuan respectively, with year-on-year increases of 3.1 billion yuan and 0.9 billion yuan [2] - Trade financing, operational loans, and fixed asset loans decreased by 10 billion yuan, 6.4 billion yuan, and 0.4 billion yuan respectively [2] Group 3 - The total balance of domestic and foreign currency deposits in Shanghai reached 24.08 trillion yuan at the end of October, with a year-on-year growth of 9.1% [3] - RMB deposits increased by 236.6 billion yuan, with household deposits decreasing by 115.8 billion yuan and non-financial corporate deposits decreasing by 19.2 billion yuan [3] - Foreign currency deposits increased by 1.2 billion USD, with a year-on-year increase of 3.9 billion USD [3] Group 4 - In October, RMB personal large-denomination certificates of deposit increased by 8.3 billion yuan, while non-financial corporate margin deposits increased by 50.7 billion yuan [4] - The increase in margin deposits for non-financial enterprises was accompanied by a decrease in current deposits and structured deposits [4] - The overall trend showed a significant increase in large-denomination and fixed-term deposits, while current and structured deposits saw declines [4]

Core Insights - The People's Bank of China released the financial statistics report for October 2025, indicating a total loan balance of 274.54 trillion yuan, reflecting a year-on-year growth of 6.3% [1] - The yuan loan balance reached 270.61 trillion yuan, with a year-on-year increase of 6.5% [1] - In the first ten months of the year, the increase in yuan loans amounted to 14.97 trillion yuan [1] Loan Breakdown - Household loans increased by 739.6 billion yuan, with short-term loans decreasing by 517 billion yuan and medium to long-term loans increasing by 1.26 trillion yuan [1] - Corporate loans rose by 13.79 trillion yuan, with short-term loans increasing by 4.34 trillion yuan, medium to long-term loans rising by 8.32 trillion yuan, and bill financing increasing by 975.8 billion yuan [1] - Loans from non-bank financial institutions decreased by 18.5 billion yuan [1] Foreign Currency Loans - The foreign currency loan balance stood at 554.6 billion USD, showing a year-on-year decline of 3% [1] - In the first ten months, foreign currency loans increased by 12.5 billion USD [1]

Group 1: Loan Data - As of the end of September, the total balance of domestic and foreign currency loans in Shanghai reached 12.89 trillion yuan, a year-on-year increase of 7.1%, remaining stable compared to the previous month [1] - The balance of RMB loans was 12.3 trillion yuan, with a year-on-year growth of 7%, a decrease of 0.3 percentage points from the previous month [1] - The balance of foreign currency loans was 84 billion USD, showing a year-on-year increase of 8.3%, which is an increase of 4.8 percentage points compared to the previous month [1] Group 2: Loan Breakdown - In the first three quarters, RMB loans increased by 601.3 billion yuan, which is 302 billion yuan less than the same period last year [1] - Household loans increased by 260.7 billion yuan, with short-term loans rising by 4.9 billion yuan and medium to long-term loans increasing by 255.8 billion yuan [1] - Corporate loans increased by 273.1 billion yuan, with short-term loans rising by 151 billion yuan and medium to long-term loans increasing by 190.6 billion yuan [1] Group 3: Deposit Data - As of the end of September, the total balance of domestic and foreign currency deposits in Shanghai was 23.84 trillion yuan, a year-on-year increase of 8.4%, with a decrease of 0.2 percentage points from the previous month [2] - The balance of RMB deposits was 22.54 trillion yuan, with a year-on-year growth of 8.2%, a decrease of 0.5 percentage points from the previous month [2] - The balance of foreign currency deposits was 182.3 billion USD, showing a year-on-year increase of 11%, which is an increase of 4 percentage points compared to the previous month [2] Group 4: Personal and Corporate Deposits - In the first three quarters, personal RMB deposits saw an increase in time deposits and large-denomination certificates of deposit by 288.8 billion yuan and 48.7 billion yuan, respectively, with both showing a year-on-year decrease [3] - Non-financial enterprises' RMB deposits increased in notice deposits, large-denomination certificates of deposit, and structured deposits by 143.7 billion yuan, 131.2 billion yuan, and 78.5 billion yuan, respectively, with significant year-on-year increases [3] - Time deposits and margin deposits for non-financial enterprises increased by 38.1 billion yuan and 13.6 billion yuan, respectively, but both showed year-on-year decreases [3]

Core Insights - The People's Bank of China reported that as of the end of September, the total loan balance in Shanghai reached 12.89 trillion yuan, with a year-on-year growth of 7.1%, remaining stable compared to the previous month [1][2] Loan Growth - In the first three quarters, RMB loans increased by 601.3 billion yuan, which is a decrease of 302 billion yuan compared to the same period last year [2] - The breakdown of RMB loans shows that household loans increased by 260.7 billion yuan, while corporate loans rose by 273.1 billion yuan [2] - Foreign currency loans increased by 3.6 billion USD in September, with a total increase of 3.6 billion USD in the first three quarters, which is an increase of 8.8 billion USD year-on-year [2] Deposit Growth - The total deposit balance in Shanghai reached 23.84 trillion yuan by the end of September, with a year-on-year growth of 8.4% [4] - RMB deposits increased by 1.7 trillion yuan in the first three quarters, which is an increase of 218.2 billion yuan compared to the previous year [4] - Foreign currency deposits increased by 20.5 billion USD in the first three quarters, which is an increase of 9.1 billion USD year-on-year [4] Personal and Corporate Deposits - Personal fixed-term deposits increased by 288.8 billion yuan in the first three quarters, while corporate notice deposits rose by 143.7 billion yuan [5] - The increase in personal savings includes a rise in demand deposits and notice deposits, while corporate savings saw a significant increase in notice deposits and large-denomination certificates of deposit [5]