China's total social financing rose to CNY 1.59 trillion in December 2018 from CNY 1.52 trillion in the previous month and above market consensus of CNY 1.20 trillion. Still, growth of outstanding TSF slowed to a new all-time low of 9.8 percent from 9.9 percent in November, as regulators' continued crackdown on riskier types of financing is slowly shutting off a major source of funding for smaller companies. Total social financing is a broad measure of credit and liquidity in the economy as it includes off-balance sheet forms of financing such as initial public offerings, loans from trust companies and bond sales. Loans to Private Sector in China averaged 9345.07 CNY HML from 2002 until 2018, reaching an all time high of 37095 CNY HML in January of 2017 and a record low of -974 CNY HML in October of 2005.

Loans to Private Sector in China is expected to be 13994.31 CNY HML by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Loans to Private Sector in China to stand at 14998.87 in 12 months time. In the long-term, the China Total Social Financing is projected to trend around 14961.30 CNY HML in 2020, according to our econometric models.

China Total Social Financing
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-17 08:00 AM Total Social Financing CNY 2210B CNY 1520B CNY 1530B
2018-11-13 08:45 AM Total Social Financing CNY 728.8B CNY 2210B CNY 2300B
2018-12-11 09:00 AM Total Social Financing CNY 1520B CNY 728.8B CNY 1334B CNY 1370B
2019-01-15 08:00 AM Total Social Financing CNY 1590B CNY 1520B CNY 1200B
2019-02-14 09:00 AM Total Social Financing CNY 1590B
2019-03-14 09:00 AM Total Social Financing
2019-04-15 09:00 AM Total Social Financing


China Money Last Previous Highest Lowest Unit
Interest Rate 4.35 4.35 10.98 4.35 percent [+]
Cash Reserve Ratio 13.50 14.00 21.50 6.00 percent [+]
Money Supply M0 7320.00 7060.00 8659.86 17.85 CNY Billion [+]
Money Supply M1 55170.00 54350.00 55170.00 74.51 CNY Billion [+]
Interbank Rate 2.95 3.35 9.89 0.00 percent [+]
Money Supply M2 182670.00 181317.51 182670.00 5840.10 CNY Billion [+]
Central Bank Balance Sheet 372492.06 359069.94 372492.06 34443.90 CNY HML [+]
Banks Balance Sheet 1080.00 1250.00 2900.00 -32.10 CNY Billion [+]
Foreign Exchange Reserves 3072712.00 3061697.00 3993212.72 2262.00 USD Million [+]
Loans to Private Sector 15900.00 15200.00 37095.00 -974.00 CNY HML [+]
Deposit Interest Rate 0.35 0.35 3.15 0.35 percent [+]
Loan Growth 13.50 13.10 34.44 10.60 percent [+]
Reverse Repo Rate 2.55 2.55 4.40 2.25 percent [+]
Loans To Banks 1357891.35 1347109.22 1357891.35 413413.10 CNY HML [+]
Fixed Asset Investment 5.90 5.70 53.00 5.30 percent [+]


China Total Social Financing

In China, loans to private sector refer to total social financing, that is, the volume of financing provided by the financial system to the real economy (domestic non-financial enterprises and households) during a certain period of time. Total social financing is a broad measure of credit and liquidity in the economy as it includes off-balance sheet forms of financing such as initial public offerings, loans from trust companies and bond sales. This page provides - China Loans To Private Sector - actual values, historical data, forecast, chart, statistics, economic calendar and news. China Total Social Financing - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
15900.00 15200.00 37095.00 -974.00 2002 - 2018 CNY HML Monthly
Current Prices, NSA




Country Last Previous
Australia 952.89 Nov/18
Brazil 652069.00 Nov/18
Canada 425184.00 Nov/18
China 15900.00 Dec/18
Euro Area 11111772.00 Nov/18
France 2467815.00 Nov/18
Germany 1476.91 Sep/18
Indonesia 4533549.00 Nov/18
Italy 696772.00 Nov/18
Japan 465227.20 Dec/18
Mexico 2631641491.00 Nov/18
Netherlands 315123.00 Nov/18
Russia 27199743.00 Nov/18
Saudi Arabia 1447532.40 Nov/18
Singapore 671874.00 Nov/18
South Africa 3621864.00 Nov/18
South Korea 8240906.00 Dec/18
Spain 452288.00 Nov/18
Switzerland 1443281.00 Oct/18
Turkey 1227628812.00 Nov/18
United Kingdom 2438704.00 Sep/18
United States 2316.85 Dec/18


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