China's aggregate social financing, the total amount of financing to the real economy, maintained steady growth in the first quarter of the year, the country's central bank said Sunday.
During the first quarter of the year, the newly added social financing amounted to 15.18 trillion yuan (about 2.13 trillion U.S. dollars), a 2.37 trillion yuan increase from the corresponding period last year, according to the preliminary statistics by the People's Bank of China (PBOC) on its official website.
Among them, over the increment scale, yuan loans to the real economy increased by 9.7 trillion yuan, an increase of 586.2 billion yuan year on year; foreign currency loans to the real economy converted into yuan decreased by 96.7 billion yuan, a decrease of 249 billion yuan year on year.
Entrusted loans increased by 5.5 billion yuan, an increase of 105 billion yuan year on year; trust loans increased by 53.1 billion yuan, a drop of 145.2 billion yuan year on year, according to the PBOC's statistics.
Meanwhile, undiscounted bank acceptance bills increased by 530 billion yuan, a decrease of 20.2 billion yuan year-on-year; corporate bond net financing was 525.1 billion yuan, a decrease of 472.9 billion yuan year-on-year; government bond net financing reached 3.87 trillion yuan, up 2.52 trillion yuan year-on-year; domestic stock financing of non-financial enterprises logged 96.2 billion yuan, an increase of 19.9 billion yuan year on year, showed PBOC.
China's aggregate social financing maintains steady growth in Q1
