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<Econ>PBOC: New RMB Loans at RMB14.75T in 1-3Q25 vs. Mkt Forecast RMB14.92T
The People's Bank of China (PBOC) announced that as of the end of September 2025, the aggregate financing to real economy (stock) reached RMB437.08 trillion, up 8.7% YoY, while...
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<Econ>PBOC: New RMB Loans at RMB14.75T in 1-3Q25 vs. Mkt Forecast RMB14.92T
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The People's Bank of China (PBOC) announced that as of the end of September 2025, the aggregate financing to real economy (stock) reached RMB437.08 trillion, up 8.7% YoY, while the aggregate financing to real economy (flow) for 1-3Q25 reached RMB30.09 trillion, RMB4.42 trillion more than that of the same period last year, higher than the market expectation of RMB29.91 trillion.

In addition, RMB deposits increased by RMB22.71 trillion in 1-3Q25, while RMB loans swelled by RMB14.75 trillion, compared to the market expectation of RMB14.92 trillion.

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