China's total social financing fell to CNY 1.01 trillion in July 2019 from CNY 2.26 trillion in the previous month and below market expectations of CNY 1.50 trillion. Also, growth of outstanding TSF slowed to 10.7 percent at the end of July from 10.9 percent in June. Total social financing is a broad measure of credit and liquidity in the economy as it includes off-balance sheet forms of financing such as initial public offerings, loans from trust companies and bond sales. Loans to Private Sector in China averaged 9746.69 CNY HML from 2002 until 2019, reaching an all time high of 46015 CNY HML in January of 2019 and a record low of -974 CNY HML in October of 2005.

Loans to Private Sector in China is expected to be 1500.00 CNY HML by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Loans to Private Sector in China to stand at 1800.00 in 12 months time. In the long-term, the China Total Social Financing is projected to trend around 1800.00 CNY HML in 2020, according to our econometric models.

China Total Social Financing
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-09 02:00 AM Total Social Financing Apr CNY1360B CNY2860B CNY1700B CNY 1500B
2019-06-12 08:00 AM Total Social Financing May CNY1400B CNY1360B CNY1410B CNY 1270B
2019-07-12 08:00 AM Total Social Financing Jun CNY2260B CNY1400B CNY1950B CNY 1700B
2019-08-12 09:00 AM Total Social Financing Jul CNY1010B CNY2260B CNY1500B CNY 1600B
2019-09-13 09:00 AM Total Social Financing Aug CNY1010B CNY 1400B
2019-10-14 09:00 AM Total Social Financing Sep CNY 2303.6B
2019-11-14 09:00 AM Total Social Financing Oct CNY 1000B


China Money Last Previous Highest Lowest Unit
Interest Rate 4.35 4.35 10.98 4.35 percent [+]
Cash Reserve Ratio 13.50 13.50 21.50 6.00 percent [+]
Money Supply M0 7270.00 7258.10 8747.06 17.85 CNY Billion [+]
Money Supply M1 55300.00 56769.62 56769.62 74.51 CNY Billion [+]
Interbank Rate 3.19 3.07 9.89 0.00 percent [+]
Money Supply M2 191940.00 192136.02 192136.02 5840.10 CNY Billion [+]
Central Bank Balance Sheet 357952.87 363595.27 372492.06 34443.90 CNY HML [+]
Banks Balance Sheet 1060.00 1660.00 3230.00 -32.10 CNY Billion [+]
Foreign Exchange Reserves 3103697.00 3119234.00 3993212.72 2262.00 USD Million [+]
Loans to Private Sector 10100.00 22629.00 46015.00 -974.00 CNY HML [+]
Deposit Interest Rate 0.35 0.35 3.15 0.35 percent [+]
Loan Growth 12.60 13.00 34.44 10.60 percent [+]
Reverse Repo Rate 2.55 2.55 4.40 2.25 percent [+]
Loans To Banks 1464961.61 1454546.85 1464961.61 413413.10 CNY HML [+]
Fixed Asset Investment 5.70 5.80 53.00 5.30 percent [+]


China Total Social Financing

In China, loans to private sector refer to total social financing, that is, the volume of financing provided by the financial system to the real economy (domestic non-financial enterprises and households) during a certain period of time. Total social financing is a broad measure of credit and liquidity in the economy as it includes off-balance sheet forms of financing such as initial public offerings, loans from trust companies and bond sales. This page provides - China Loans To Private Sector - actual values, historical data, forecast, chart, statistics, economic calendar and news. China Total Social Financing - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
10100.00 22629.00 46015.00 -974.00 2002 - 2019 CNY HML Monthly
Current Prices, NSA




Country Last Previous
Australia 962.36 Jun/19
Brazil 596543.00 Jun/19
Canada 459193.00 Jun/19
China 10100.00 Jul/19
Euro Area 11289475.00 Jun/19
France 2524392.00 May/19
Germany 1513.41 Mar/19
Indonesia 4766613.00 Jun/19
Italy 658777.00 Jun/19
Japan 469262.70 Jul/19
Mexico 2743547738.00 Jun/19
Netherlands 304624.00 Jun/19
Russia 28558068.00 May/19
Saudi Arabia 1465028.84 Jun/19
Singapore 687081.60 Jun/19
South Africa 3795490.00 Jun/19
South Korea 8533258.00 Jul/19
Spain 444725.00 Jun/19
Switzerland 1499436.00 May/19
Turkey 1285917846.00 Jun/19
United Kingdom 2480613.00 Mar/19
United States 2356.33 Jul/19


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