According to preliminary statistics, the aggregate financing to real economy (flow) in 4M25 amounted to RMB16.34 trillion, missing the market consensus of RMB16.5771 trillion, up RMB3.61 trillion from that in the same period of 2024, as announced by the People's Bank of China (PBOC). Of which, RMB loans to the real economy increased by RMB9.78 trillion, a YoY increase of RMB339.7 billion.Related NewsInflation Rate MoM for April in China is 0.1%, higher than the previous value of -0.4%.