Date
17 October 2017

January total social financing hits 2.58 trn yuan, paper says

China’s total social financing was a record 2.58 trillion yuan (US$425.192 billion) in January, up 1.33 trillion yuan from December and 39.9 billion yuan from the previous year, 21st Century Business Herald reported Sunday, citing People’s Bank of China data. The January figure was the highest since data began. Renminbi loans rose by 1.32 trillion yuan, 246.9 billion yuan more than the growth in January last year. Entrusted loans increased by 396.5 billion yuan, up 190.4 billion yuan from the year-earlier period, the report said.

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