The central bank released financial statistics for October. The stock of social financing increased by 7.2% year-on-year.

China News Service, November 13. According to the WeChat official account of the People's Bank of China, on the 13th, the People's Bank of China released the financial statistics report for October 2026.

1. The stock of social financing increased by 7.2% year-on-year

Preliminary statistics show that the stock of social financing at the end of October 2026 was 469.16 trillion yuan, a year-on-year increase of 7.2%. Among them, the balance of RMB loans issued to the real economy was 279.31 trillion yuan, a year-on-year increase of 4.6%; the balance of foreign currency loans issued to the real economy was 1.26 trillion yuan, a year-on-year increase of 9%; the balance of entrusted loans was 11.53 trillion yuan, a year-on-year increase of 1.7%; the balance of trust loans was 4.49 trillion yuan, a year-on-year decrease 0.6%; the balance of undiscounted bank acceptance bills was 2.05 trillion yuan, a year-on-year decrease of 4.4%; the balance of corporate bonds was 36.92 trillion yuan, a year-on-year increase of 9.6%; the balance of government bonds was 106.41 trillion yuan, a year-on-year increase of 14.4%; the balance of domestic stocks of non-financial enterprises was 12.77 trillion yuan, a year-on-year increase of 5.5%.

From a structural perspective, the balance of RMB loans issued to the real economy at the end of October accounted for 59.5% of the total social financing scale in the same period, 1.5 percentage points lower than the same period last year; the balance of foreign currency loans issued to the real economy in RMB equivalents accounted for 0.3%, which was the same as the same period last year; the balance of entrusted loans accounted for 2.5%, which was 0.1 percentage points lower than the same period last year; the balance of trust loans accounted for 2.5%, which was 0.1 percentage points lower than the same period last year. 1%, the same as the same period last year; the balance of undiscounted bank acceptance bills accounted for 0.4%, 0.1 percentage points lower than the same period last year; the balance of corporate bonds accounted for 7.9%, 0.2 percentage points higher than the same period last year; the balance of government bonds accounted for 22.7%, 1.4 percentage points higher than the same period last year; the balance of domestic stocks of non-financial enterprises accounted for 2.7%, 0.1 percentage points lower than the same period last year.

2. The cumulative increase in social financing scale in the first ten months was 28.61 trillion yuan.

Preliminary statistics show that the cumulative increase in social financing in the first ten months of 2026 was 28.61 trillion yuan, 2.29 trillion yuan less than the same period last year. Among them, RMB loans issued to the real economy increased by 10.91 trillion yuan, a decrease of 3.61 trillion yuan year-on-year; foreign currency loans issued to the real economy increased by 254.6 billion yuan equivalent to RMB, an increase of 369.2 billion yuan year-on-year; entrusted loans increased by 208.4 billion yuan, an increase of 100.2 billion yuan year-on-year; trust loans decreased by 179.8 billion yuan, an increase of 100.2 billion yuan year-on-year. A decrease of 395.8 billion yuan; undiscounted bank acceptance bills decreased by 93.9 billion yuan, an increase of 105.5 billion yuan year-on-year; net corporate bond financing was 3.1 trillion yuan, an increase of 1.27 trillion yuan year-on-year; net government bond financing was 11.49 trillion yuan, a decrease of 459.2 billion yuan year-on-year; domestic stock financing of non-financial enterprises was 570.5 billion yuan, an increase of 184.2 billion yuan year-on-year.

3. Broad money grew by 7.1%

At the end of October, the balance of broad money (M2) was 359.06 trillion yuan, a year-on-year increase of 7.1%. The balance of narrow currency (M1) was 116.9 trillion yuan, a year-on-year increase of 4.4%. The balance of currency (M0) in circulation was 15 trillion yuan, a year-on-year increase of 10.7%. In the first ten months, net cash injection was 902.3 billion yuan.

4. RMB deposits increased by 21.97 trillion yuan in the first ten months

At the end of October, the balance of domestic and foreign currency deposits was 358.81 trillion yuan, a year-on-year increase of 7.8%. The balance of RMB deposits at the end of the month was 350.65 trillion yuan, a year-on-year increase of 7.7%.

In the first ten months, RMB deposits increased by 21.97 trillion yuan. Among them, household deposits increased by 8.47 trillion yuan, non-financial corporate deposits increased by 1.91 trillion yuan, fiscal deposits increased by 3.03 trillion yuan, and non-banking financial institution deposits increased by 5.99 trillion yuan.

At the end of October, the balance of foreign currency deposits was US$1.22 trillion, a year-on-year increase of 16.9%. Foreign currency deposits increased by US$155.3 billion in the first ten months.

5. RMB loans increased by 11.42 trillion yuan in the first ten months

At the end of October, the balance of domestic and foreign currency loans was 287.25 trillion yuan, a year-on-year increase of 4.6%. The balance of RMB loans at the end of the month was 283.33 trillion yuan, a year-on-year increase of 4.7%.

In the first ten months, RMB loans increased by 11.42 trillion yuan. In terms of sectors, household loans decreased by 1.46 trillion yuan, of which short-term loans decreased by 1.41 trillion yuan, and medium and long-term loans decreased by 50.1 billion yuan; loans to enterprises (public institutions) increased by 12.39 trillion yuan, of which short-term loans increased by 4.65 trillion yuan, medium and long-term loans increased by 6.69 trillion yuan, and bill financing increased by 928.3 billion yuan; loans from non-banking financial institutions decreased by 239.5 billion yuan.

At the end of October, the balance of foreign currency loans was US$583.1 billion, a year-on-year increase of 5.2%. Foreign currency loans increased by US$38.1 billion in the first ten months.

6. In October, the monthly weighted average interest rate for interbank lending in the inter-bank RMB market was 1.3%, and the monthly weighted average interest rate for pledged bond repurchase was 1.33%.

In October, the inter-bank RMB market's total turnover in the form of interbank lending, spot bonds and repurchases was 167.98 trillion yuan, with an average daily turnover of 9.33 trillion yuan, and the average daily turnover increased by 1.9% year-on-year. Among them, the average daily transaction of interbank lending decreased by 10.8% year-on-year, the average daily transaction of spot bonds increased by 4.7% year-on-year, and the average daily transaction of pledged repurchase increased by 1.3% year-on-year.

The weighted average interest rate of interbank lending in October was 1.3%, 0.1 percentage points lower than the previous month and 0.09 percentage points lower than the same period last year; the weighted average interest rate of pledged repurchase was 1.33%, 0.07 percentage points lower than the previous month and 0.07 percentage points lower than the same period last year.

7. In October, the cross-border RMB settlement amount under the current account was 1.9 trillion yuan, and the cross-border RMB settlement amount for direct investment was 0.56 trillion yuan.

In October, the amount of cross-border RMB settlement under the current account was 1.9 trillion yuan, of which trade in goods, trade in services and other current accounts were 1.43 trillion yuan and 0.47 trillion yuan respectively; the amount of cross-border RMB settlement of direct investment was 0.56 trillion yuan, of which overseas direct investment and foreign direct investment were 0.21 trillion yuan and 0.35 trillion yuan respectively.