China's total social financing (TSF), a broad measure of credit and liquidity in the economy, dropped to CNY 3.16 trillion in February 2023, down from CNY 5.98 trillion in the previous month but well above market expectations of CNY 2.20 trillion. The better-than-expected data came in following China's reopening and Beijing's latest efforts to revive growth in the world's second-largest economy. Growth of outstanding total social financing picked up to 9.9 percent in February from January's six-year low of 9.4 percent. 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. source: People's Bank of China

Loans to Private Sector in China averaged 13134.71 CNY HML from 2002 until 2023, reaching an all time high of 61770.00 CNY HML in January of 2022 and a record low of -974.00 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 March of 2023.

Loans to Private Sector in China is expected to be 45000.00 CNY HML by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Total Social Financing is projected to trend around 52000.00 CNY HML in 2024 and 49000.00 CNY HML in 2025, according to our econometric models.

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China Total Social Financing



Calendar GMT Actual Previous Consensus TEForecast
2023-02-10 09:00 AM Jan CNY5980B CNY1310B CNY5400B CNY5100.0B
2023-03-10 08:30 AM Feb CNY3160B CNY5980B CNY2200B CNY1410.0B
2023-04-11 08:00 AM Mar CNY3160B CNY 4500.0B


Related Last Previous Unit Reference
Interest Rate 3.65 3.65 percent Mar 2023
Cash Reserve Ratio 11.00 10.75 percent Mar 2023
Interbank Rate 2.95 2.90 percent Mar 2023
Money Supply M1 65790.00 65520.00 CNY Billion Feb 2023
Money Supply M0 10760.00 11460.00 CNY Billion Feb 2023
Money Supply M2 275520.00 273810.00 CNY Billion Feb 2023
Banks Balance Sheet 1810.00 4900.00 CNY Billion Feb 2023
Foreign Exchange Reserves 3133153.00 3184462.00 USD Million Feb 2023
Central Bank Balance Sheet 422064.71 416783.78 CNY HML Jan 2023
Loans to Private Sector 31600.00 59800.00 CNY HML Feb 2023
Deposit Interest Rate 0.35 0.35 percent Feb 2023
Loan Growth 11.60 11.30 percent Feb 2023
Reverse Repo Rate 2.00 2.00 percent Mar 2023
Liquidity Injections Via Reverse Repo 182.00 30.00 CNY Billion Mar 2023
Loans To Banks 2187392.88 2130060.36 CNY HML Jan 2023
Lending Rate 4.35 4.35 percent Oct 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
31600.00 59800.00 61770.00 -974.00 2002 - 2023 CNY HML Monthly
Current Prices, NSA

News Stream
China Total Social Financing Beats Expectations
China's total social financing (TSF), a broad measure of credit and liquidity in the economy, dropped to CNY 3.16 trillion in February 2023, down from CNY 5.98 trillion in the previous month but well above market expectations of CNY 2.20 trillion. The better-than-expected data came in following China's reopening and Beijing's latest efforts to revive growth in the world's second-largest economy. Growth of outstanding total social financing picked up to 9.9 percent in February from January's six-year low of 9.4 percent. 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.
2023-03-10
China Total Social Financing Beats Forecasts
China's total social financing (TSF), a broad measure of credit and liquidity in the economy, rose to CNY 5.98 trillion in January 2023, up from CNY 1.31 trillion in the previous month and above market expectations of CNY 5.40 trillion. It was only slightly below an all-time of CNY 6.18 trillion hit in the same month last year thanks to China's reopening and a full week of celebrations of the Lunar New Year holiday. Growth of outstanding total social financing slowed to 9.4 percent in January, the slowest pace since January 2017, from 9.6 percent in December. 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.
2023-02-10
China Total Social Financing Falls More than Forecast
China's total social financing (TSF), a broad measure of credit and liquidity in the economy, dropped to CNY 1.31 trillion in December 2022, down from CNY 1.99 trillion in the previous month and below market expectations of CNY 1.60 trillion. Growth of outstanding total social financing slowed to 9.6 percent in December from 10.0 percent in November. 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.
2023-01-10