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2026.06.12 20:05 GMT+8

China's total social financing up 7.7% in May

Updated 2026.06.12 20:05 GMT+8
CGTN

Beijing Head Office of the People's Bank of China, Beijing, China, June 3, 2026. /VCG

China's total social financing stock reached 458.8 trillion yuan ($67.7 trillion) at the end of May 2026, up 7.7% year-on-year, the central bank data showed on Friday. 

In the first five months of 2026, the cumulative total social financing added was 17.48 trillion yuan, preliminary statistics from the People's Bank of China (PBOC) showed on Friday.

Meanwhile, China's yuan-denominated loans rose by 9.11 trillion yuan in the first five months, the official data showed. Outstanding yuan loans stood at 281.02 trillion yuan at the end of May, up 5.5 percent year on year.

The broad money supply (M2) stood at 353.67 trillion yuan, up 8.6% year on year.

The M1, which covers cash in circulation, demand deposits and client reserves of non-bank payment institutions, reached 114.89 trillion yuan at the end of May, up 5.5% year on year.

The total balance of domestic and foreign currency deposits was 352.38 trillion yuan, increasing by 8.7% from the same period of last year.

(With inputs from Xinhua)

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