[Central Bank: Aggregate Social Financing Growth Reached RMB 20.84 Trillion in H1 2026, Down RMB 2.02 Trillion YoY]

Published: Jul 24, 2026 14:06

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Data released by the central bank shows that, according to preliminary statistics, aggregate social financing (ASF) growth totaled RMB 20.84 trillion in H1 2026, a decrease of RMB 2.02 trillion compared with the same period last year. Specifically, RMB loans issued to the real economy increased by RMB 10.76 trillion, representing a YoY decline of RMB 1.98 trillion; foreign currency loans to the real economy (RMB equivalent) increased by RMB 160.9 billion, representing a YoY increase of RMB 224.7 billion; entrusted loans decreased by RMB 78.8 billion, representing a YoY decline of RMB 27.5 billion; trust loans decreased by RMB 44.6 billion, representing a YoY decline of RMB 188.9 billion; undiscounted bankers' acceptances decreased by RMB 125.6 billion, representing a YoY decline of RMB 69.8 billion; net corporate bond financing was RMB 2.07 trillion, up RMB 916.7 billion YoY; net government bond financing was RMB 6.44 trillion, down RMB 1.22 trillion YoY; and domestic equity financing by non-financial enterprises was RMB 293.3 billion, up RMB 122.4 billion YoY.

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