Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

China sees higher aggregate financing to real economy at end-September

October 16, 2020


Abstract : The outstanding aggregate financing to the real economy (AFRE) reached 280.07 trillion yuan (about 41.54 trillion U.S. dollars) at the end of September, up 13.5 percent year on year, according to the People's Bank of China.

BEIJING, Oct. 15 (Xinhua) -- The outstanding aggregate financing to the real economy (AFRE) reached 280.07 trillion yuan (about 41.54 trillion U.S. dollars) at the end of September, up 13.5 percent year on year, according to the People's Bank of China.

Specifically, outstanding RMB loans to the real economy hit 168.26 trillion yuan, up 13.2 percent year on year and outstanding foreign currency-denominated loans to the real economy (RMB equivalent) were 2.35 trillion yuan, up 7.7 percent year on year.

Outstanding entrusted loans registered 11.13 trillion yuan, down 5.1 percent year on year, and outstanding trust loans were 7.03 trillion yuan, down 8.5 percent year on year.

Outstanding undiscounted bankers’ acceptances recorded 3.9 trillion yuan, up 18.7 percent year on year.

Outstanding corporate bonds registered 27.39 trillion yuan, up 20.6 percent year on year and outstanding government bonds reached 44.46 trillion yuan, increasing 20.2 percent year on year.

Outstanding domestic equity of non-financial firms amounted to 7.97 trillion yuan, increasing 10 percent year on year.

By structure, outstanding RMB loans to the real economy accounted for 60.1 percent of the total AFRE at the end of September, decreasing 0.1 percentage points year on year. Enditem

Scan the QR code and push it to your mobile phone

Keyword: loan financing

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial