Total Social Financing up 10% at End of September, Shadow Banking Channels Contract

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The latest data from the Chinese central bank points to a steady rise in China’s total social financing (TSF) at the end of the third quarter, amidst a decline in funding via shadow banking channels.

As of the end of September outstanding TSF in China stood at 308.05 trillion yuan, for a year-on-year (YoY) rise of 10%, according to data released by the People’s Bank of China (PBOC) on 13 October.

The balance of renminbi loans to the real economy stood at 188.42 trillion yuan, for a YoY rise of 12%, while the balance of foreign-currency loans made to the real economy was 2.35 trillion yuan, for a YoY decline of 0.2%.

The entrusted loan balance was 10.93 trillion yuan, for a YoY decline of 1.8%, while the trust loan balance was 5.14 trillion yuan, for a YoY drop of 27%.The undiscounted banker’s acceptances balance was 3.28 trillion yuan, for a YoY decline of 15.8%.

The enterprise bond balance was 29.25 trillion yuan, for a YoY rise of 6.9%, while the government bond balance was 50.46 trillion yuan, for a YoY rise of 13.5%.



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