Total social financing, a broad measure of credit and liquidity in the economy, fell sharply to CNY 1.42 trillion in October of 2020 from CNY 3.48 trillion in September but was in line with forecasts of CNY 1.4 trillion. Bank lending usually slows in October as the week-long National Day holiday affects business activity and banks have already used most of their annual quotas. source: People's Bank of China

Loans to Private Sector in China averaged 11380.51 CNY HML from 2002 until 2020, reaching an all time high of 51845 CNY HML in March of 2020 and a record low of -974 CNY HML in October of 2005. This page provides - China Loans To Private Sector - actual values, historical data, forecast, chart, statistics, economic calendar and news. China Total Social Financing - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.

Loans to Private Sector in China is expected to be 34000.00 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 38000.00 in 12 months time. In the long-term, the China Total Social Financing is projected to trend around 30000.00 CNY HML in 2021 and 25000.00 CNY HML in 2022, according to our econometric models.

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China Total Social Financing

Actual Previous Highest Lowest Dates Unit Frequency
14200.00 34800.00 51845.00 -974.00 2002 - 2020 CNY HML Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-08-11 08:30 AM Jul CNY1690B CNY3430B CNY1850B CNY1950B
2020-09-11 08:00 AM Aug CNY3580B CNY1690B CNY2730B CNY2600B
2020-10-14 08:30 AM Sep CNY3480B CNY3580B CNY3150B CNY 3200B
2020-11-11 08:00 AM Oct CNY1420B CNY3480B CNY1400B CNY1450B
2020-12-14 09:00 AM Nov CNY1420B
2021-01-16 07:00 AM Dec
2021-02-20 08:00 AM Jan
2021-03-11 08:00 AM Feb
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
China Total Social Financing Beats Forecasts
China's total social financing (TSF), a broad measure of credit and liquidity in the economy, went down to CNY 3.48 trillion in September 2020 from CNY 3.58 trillion in the previous month, but above above market expectations of CNY 3.15 trillion. Outstanding total social financing was CNY 280.07 trillion, up 13.5 percent from a year earlier. TSF includes off-balance-sheet forms of financing that exist outside the conventional bank lending system, such as initial public offerings, loans from trust companies and bond sales.
2020-10-14
China Total Social Financing Falls in July
China's total social financing (TSF), a broad measure of credit and liquidity in the economy, decreased to CNY 1.69 trillion in July 2020 from CNY 3.43 trillion in the previous month and below market expectations of CNY 1.85 trillion. Outstanding total social financing was CNY 273.33 trillion, up 12.9 percent from a year earlier. TSF includes off-balance-sheet forms of financing that exist outside the conventional bank lending system, such as initial public offerings, loans from trust companies and bond sales.
2020-08-11
China Total Social Financing Falls From Record
China's total social financing (TSF), a broad measure of credit and liquidity in the economy, decreased to CNY 0.85 trillion in February 2020 from a record CNY 5.07 trillion in the previous month and below market expectations of CNY 1.6 trillion. TSF includes off-balance sheet forms of financing that exist outside the conventional bank lending system, such as initial public offerings, loans from trust companies and bond sales.
2020-03-11
China Total Social Financing Beats Expectations
China's total social financing (TSF), a broad measure of credit and liquidity in the economy, rose to CNY 2.1 trillion in December 2019 from a revised CNY 1.99 trillion in the previous month and above market expectations of CNY 1.7 trillion. TSF includes off-balance sheet forms of financing that exist outside the conventional bank lending system, such as initial public offerings, loans from trust companies and bond sales.
2020-01-16

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.