China’s outstanding aggregate social financing reached 469.16 trillion yuan at the end of October 2026, up 7.2% from a year earlier, according to financial statistics released by the People’s Bank of China on November 13 and reported by CCTV.
The central bank’s preliminary figures show that aggregate social financing increased by 28.61 trillion yuan in the first ten months of 2026, 2.29 trillion yuan less than in the same period a year earlier. Within that total, renminbi loans to the real economy rose by 10.91 trillion yuan, while net financing through government bonds amounted to 11.49 trillion yuan and net corporate bond financing reached 3.1 trillion yuan.
At the end of October, outstanding renminbi loans to the real economy stood at 279.31 trillion yuan, up 4.6% year on year. Government bonds outstanding reached 106.41 trillion yuan, up 14.4%. Their respective shares of outstanding aggregate social financing were 59.5% and 22.7%.
Broad money supply (M2) stood at 359.06 trillion yuan at the end of October, up 7.1% year on year. Renminbi deposits increased by 21.97 trillion yuan over the first ten months, and renminbi loans increased by 11.42 trillion yuan. Within the loan figures, household loans fell by 1.46 trillion yuan, while loans to enterprises and public institutions rose by 12.39 trillion yuan.
In October, the weighted average interbank lending rate was 1.3%, and the weighted average rate for pledged bond repurchase transactions was 1.33%. Cross-border renminbi settlements totaled 1.9 trillion yuan for current-account transactions and 0.56 trillion yuan for direct investment.
