Yuan-denominated loan volume in China increased by 4.7 percent

The total loan volume in China in yuan increased by 4.7 percent in the period January-October 2026 compared to the same period last year.

According to data announced by the People's Bank of China (PBoC), the total volume of yuan loans provided by banks and financial institutions reached 283.33 trillion yuan (approximately 42.47 trillion dollars). The loan volume increased by 11.43 trillion yuan (about 1.72 trillion dollars) compared to the same period last year.

In the first 10 months of the year, 1.46 trillion yuan (about 220 billion dollars) less new loans were provided to households compared to the same period last year. The new loan amount provided to businesses was 12.39 trillion yuan (approximately 1.86 trillion dollars) higher.

During the same period, yuan-denominated deposits increased by 21.97 trillion yuan (about 3.29 trillion dollars). Household deposits accounted for 8.47 trillion yuan (about 1.27 trillion dollars) of this increase.

In the January-October period, the volume of cash in circulation (M0) increased by 10.7 percent. The money volume (M1), which includes cash in circulation and demand deposits in banks, increased by 4.4 percent, and the broad money supply (M2), which includes cash and time and demand deposits, increased by 7.1 percent.