China's April total social financing grows at 7.8%

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Beijing Head Office of the People's Bank of China, May 13, 2025. /VCG

China's total outstanding social financing, reached 456.89 trillion yuan ($67.28 trillion) at the end of April 2026, preliminary statistics from the People's Bank of China (PBOC) showed on Thursday.

This represents a year-on-year increase of 7.8%.

The outstanding RMB loans to the real economy totaled 276.9 trillion yuan ($40.77 trillion), up 5.6% YoY.

Outstanding government bonds reached 99.37 trillion yuan ($14.63 trillion), growing by 15.6% YoY, serving as a primary driver of the overall expansion.

Outstanding corporate bonds stood at 35.52 trillion yuan ($5.23 trillion), up 8.3% YoY.

In the first four months of 2026, the cumulative total social financing added was 15.45 trillion yuan ($2.28 trillion).

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