China’s social financing of Feb. 2020 increased by RMB 855.4 bln

The total social financing in China in the first two months of 2020 has increased by 5.92 trillion yuan, 271.7 billion yuan more than the same period last year, according to preliminary statistics.

The total social financing in China in the first two months of 2020 has increased by 5.92 trillion yuan, 271.7 billion yuan more than the same period last year, according to preliminary statistics.

Among them, RMB loans to the real economy have increased by 4.21 trillion yuan, 118.3 billion yuan less than last year.

Foreign currency loans to the real economy converted to RMB have increased by 76.5 billion yuan, 52.7 billion yuan more than last year.

In Addition, entrusted loans have decreased by RMB 38.2 billion, trust loans have fallen by RMB 10.9 billion, and the undiscounted bank’s acceptance bills have decreased by RMB 255.8 billion. Corporate bond net financing reached 774.7 billion yuan, a year-on-year increase of 204.3 billion yuan.

Government bond net financing totaled 943.7 billion yuan, an increase of 339.1 billion yuan. Domestic stock financing of non-financial enterprises added to 105.8 billion yuan, an increase of 65 billion yuan.

In February, the increase in social financing was 855.4 billion yuan, 111.1 billion yuan less than the same period last year. Among them, RMB 720.2 billion more were loaned to the real economy, 43.9 billion yuan less than last year. Equivalent to RMB 25.2 billion, more foreign currencies were loaned to the real economy, 35.7 billion yuan more than last year.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/07/chinas-social-financing-of-feb-2020-increased-by-rmb-855-4-bln/.

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