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2021 Social Financing Balances Statistics Report of China

 2022-01-13 09:32 Source: People's Bank of China website    

Preliminary statistics show that the stock of social financing at the end of 2021 is 314.13 trillion yuan, a year-on-year increase of 10.3%. Among them, the balance of RMB loans issued to the real economy was 191.54 trillion yuan, an increase of 11.6% year-on-year; the balance of foreign currency loans issued to the real economy was 2.23 trillion yuan, a year-on-year increase of 6.3%; the balance of entrusted loans was 10.87 trillion yuan , down 1.6% year-on-year; the balance of trust loans was 4.36 trillion yuan, down 31.3% year-on-year; the balance of undiscounted bank acceptance bills was 3.01 trillion yuan, down 14% year-on-year; the balance of corporate bonds was 29.93 trillion yuan, up 8.6% year-on-year %; the balance of government bonds was 53.06 trillion yuan, a year-on-year increase of 15.2%; the domestic stock balance of non-financial companies was 9.48 trillion yuan, a year-on-year increase of 15%.


In terms of structure, the balance of RMB loans issued to the real economy at the end of December accounted for 61% of the balance of social financing in the same period, a year-on-year increase of 0.7 percentage points; the balance of foreign currency loans issued to the real economy in RMB accounted for 0.7%, the same year-on-year; entrusted loans The balance accounted for 3.5%, down 0.4 percentage points year-on-year; the balance of trust loans accounted for 1.4%, down 0.8 percentage points year-on-year; the balance of undiscounted bank acceptance bills accounted for 1%, down 0.2 percentage points year-on-year; the balance of corporate bonds accounted for 9.5% %, a year-on-year decrease of 0.2 percentage points; the balance of government bonds accounted for 16.9%, a year-on-year increase of 0.7 percentage points; the domestic stock balance of non-financial enterprises accounted for 3%, a year-on-year increase of 0.1 percentage points.


Note 1: The stock of social financing scale refers to the balance of funds obtained by the real economy from the financial system at the end of a certain period (month-end, quarter-end or year-end). The data comes from the People's Bank of China, China Banking and Insurance Regulatory Commission, China Securities Regulatory Commission, China Central Depository & Clearing Co., Ltd., and the National Association of Financial Market Institutional Investors.


Note 2: Since December 2019, the People's Bank of China has further improved the statistics on the scale of social financing, including "national debt" and "general government bonds" into the statistics of social financing scale, and merged with the original "local government special bonds" into "government bonds" Indicator, the indicator value is the custody face value of the custodian institution; since September 2019, the People's Bank of China has improved the statistics of "corporate bonds" in "social financing scale", and included "exchange enterprise asset-backed securities" into the "corporate bond" indicator; 2018 Since September 2018, the People's Bank of China has included "local government special bonds" into the statistics on the scale of social financing; since July 2018, the People's Bank of "Included in the statistics of social financing scale, and listed separately under "Other financing".


Note 3: The year-on-year data in the text are comparable.

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