"Economics" China's social financing increment in the first two months is 9.6 trillion yuan, market expectation is about 9.25 trillion yuan

The People's Bank of China announced that preliminary statistics show that the cumulative increase in the scale of social financing in the first two months of 2026 reached RMB 9.6 trillion, exceeding market expectations of approximately RMB 9.25 trillion, and an increase of RMB 316.2 billion compared to the same period last year.

Among them, RMB loans issued to the real economy increased by RMB 5.75 trillion, a year-on-year decrease of RMB 124.8 billion; foreign currency loans issued to the real economy, converted to RMB, increased by RMB 43.3 billion, a year-on-year increase of RMB 110.5 billion; entrusted loans decreased by RMB 37.3 billion, a year-on-year decrease of RMB 59.3 billion; trust loans increased by RMB 30.5 billion, a year-on-year increase of RMB 1.2 billion; undiscounted bank acceptance bills increased by RMB 453.8 billion, a year-on-year increase of RMB 287 billion; net financing of corporate bonds was RMB 655.4 billion, a year-on-year increase of RMB 39.8 billion; net financing of government bonds was RMB 2.38 trillion, a year-on-year decrease of RMB 9.4 billion; non-financial enterprises' domestic stock financing was RMB 74.5 billion, a year-on-year increase of RMB 19.5 billion