Today (May 14), the People's Bank of China released a statistical report on the scale of social financing in April 2025.
Preliminary statistics show that the stock of social financing scale at the end of April 2025 was 424.0 trillion yuan, an increase of 8.7% year-on-year. Among them, the balance of RMB loans issued to the real economy was 262.27 trillion yuan, a year-on-year increase of 7.1%; the balance of foreign currency loans issued to the real economy was 1.18 trillion yuan, a year-on-year decrease of 33.9%; the balance of entrusted loans was 11.24 trillion yuan, a year-on-year increase of 0.5%; the balance of trust loans was 4.35 trillion yuan, a year-on-year increase of 5.6%; the balance of undiscounted bank acceptance bills was 2.39 trillion yuan, a year-on-year decrease of 7.6%; the balance of corporate bonds was 32.8 trillion yuan, a year-on-year increase of 3.2%; the balance of government bonds was 85.93 trillion yuan, a year-on-year increase of 20.9%; the balance of domestic stocks of non-financial enterprises was 11.86 trillion yuan, a year-on-year increase of 2.9%.
From the structural perspective, the balance of RMB loans issued to the real economy at the end of April accounted for 61.9% of the stock of social financing in the same period, 0.9 percentage points lower than the year-on-year; the foreign currency loans issued to the real economy accounted for 0.3% of the RMB balance, 0.2 percentage points lower than the year-on-year; the balance of entrusted loans accounted for 2.7%, 0.2 percentage points lower than the year-on-year; the balance of trust loans accounted for 1%, 0.1 percentage points lower than the year-on-year; the balance of undiscounted bank acceptance bills accounted for 0.6%, 0.1 percentage points lower than the year-on-year; the balance of corporate bonds accounted for 7.7%, 0.4 percentage points lower than the year-on-year; the balance of government bonds accounted for 20.3%, 2.1 percentage points higher than the year-on-year; the balance of domestic stocks of non-financial enterprises accounted for 2.8%, 0.2 percentage points lower than the year-on-year.
(CCTV reporter Sun Yan)
