China’s outstanding total social financing reached 469.16 trillion yuan at the end of October 2026, up 7.2% from a year earlier, according to preliminary figures from the People’s Bank of China reported by CCTV on November 13.
Loans to the real economy denominated in yuan accounted for 279.31 trillion yuan of that stock, up 4.6% year on year. Outstanding government bonds stood at 106.41 trillion yuan, up 14.4%. Their respective shares of total social financing were 59.5% and 22.7%; compared with a year earlier, the loan share fell 1.5 percentage points while the government-bond share rose 1.4 points.
New total social financing over the first ten months of 2026 amounted to 28.61 trillion yuan, 2.29 trillion yuan less than in the same period a year earlier. Yuan loans to the real economy increased by 10.91 trillion yuan, while net financing through corporate bonds reached 3.1 trillion yuan and net government-bond financing reached 11.49 trillion yuan.
At the end of October, broad money supply (M2) was 359.06 trillion yuan, up 7.1% year on year. Yuan deposits had risen by 21.97 trillion yuan over the first ten months, and yuan loans by 11.42 trillion yuan. Within the lending figure, household loans fell by 1.46 trillion yuan, while loans to enterprises and other organizations rose by 12.39 trillion yuan.
In October, the monthly weighted-average interbank lending rate was 1.30%, and the rate for pledged bond repurchases was 1.33%. Cross-border yuan settlements totaled 1.9 trillion yuan under the current account and 0.56 trillion yuan for direct investment.