China’s total social financing (TSF), a broad measure of credit and liquidity in the economy, rose to CNY 4.12 trillion in September 2023, up from CNY 3.12 trillion in the previous month and above market expectations of CNY 3.80 trillion, following the central bank’s efforts to bolster economic growth in the world’s second-largest economy. Outstanding total social financing rose 9.0% year-on-year to CNY 372.5 trillion, the same pace as in July. TSF includes off-balance-sheet forms of financing that exist outside the conventional bank lending system, such as initial public offerings, loans from trust companies and bond sales. Loans to Private Sector in China averaged 13555.46 CNY Hundred Million from 2002 until 2023, reaching an all time high of 61770 CNY Hundred Million in January of 2022 and a record low of -974 CNY Hundred Million in October of 2005. In China, loans to private sector refer to total social financing, that is, the volume of financing provided by the financial system to the real economy (domestic non-financial enterprises and households) during a certain period of time. Total social financing is a broad measure of credit and liquidity in the economy as it includes off-balance sheet forms of financing such as initial public offerings, loans from trust companies and bond sales. This page provides – China Loans To Private Sector – actual values, historical data, forecast, chart, statistics, economic calendar and news.
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