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Bank lending and credit · China

China Total Social Financing

The China Total Social Financing measures how much new credit banks extend, or how fast their loans or deposits grow, in China.

חשיבות
Medium
פורסם
Monthly
הפרסום הבא
מטבע
CNH · Chinese yuan (renminbi)
בנק מרכזי
The People's Bank of China
משפיע על
GAUCNH · USDCNH · XAUCNH

הנתונים האחרונים

הפרסום האחרון, עבור SEP, יצא ב-2026-10-14 ועמד על CNY3550B.

פורסםעבורבפועלקונצנזוסקודם
14 Oct 2026SEPCNY3550BCNY3270BCNY1660B
14 Sep 2026AUGCNY1660BCNY2040BCNY1410B
14 Aug 2026JULCNY1410BCNY1200BCNY3360B
15 Jul 2026JUNCNY3360BCNY3770BCNY2030B
12 Jun 2026MAYCNY2030BCNY1870BCNY620B
14 May 2026APRCNY620BCNY1500BCNY5230B
13 Apr 2026MARCNY5230BCNY5400BCNY2380B
13 Mar 2026FEBCNY2380BCNY2130BCNY7220B
13 Feb 2026JANCNY7220BCNY7050BCNY2210B
15 Jan 2026DECCNY2210BCNY2000BCNY2490B
12 Dec 2025NOVCNY2490B–CNY810B
13 Nov 2025OCTCNY810BCNY1230BCNY3530B

לצפייה ביומן הכלכלי ←

למה זה חשוב

Credit is the fuel of spending and investment. Strong lending growth means households and companies are confident and that monetary policy is passing through; a credit slowdown often precedes a slowdown in activity. In China, new loans and total social financing are among the most watched signs of stimulus.

איך זה מחושב

Banks report the outstanding stock of loans to the central bank; the release shows the change over the month or the growth from a year earlier.

מה המשמעות של שינויים

  • Rising credit growth supports the growth outlook and the Chinese yuan (renminbi).
  • A sudden drop in lending can signal tighter bank standards or weak demand.
  • Compare with interest rates: credit should slow after hikes; if it does not, more tightening may follow.

גבוה מהצפוי: A stronger figure than expected points to a healthier economy: it usually supports the Chinese yuan (renminbi) and local stocks, and can push bond yields up.

נמוך מהצפוי: A weaker figure than expected points to slowing activity: the Chinese yuan (renminbi) tends to soften and markets price in lower rates.

היסטוריה קצרה

Credit cycles were described by economists such as Hyman Minsky; after the 2008 financial crisis regulators began to track credit growth closely as an early warning of booms and busts.

שאלות

What is the China Total Social Financing?

The China Total Social Financing measures how much new credit banks extend, or how fast their loans or deposits grow, in China.

What was the latest China Total Social Financing?

CNY3550B for SEP, published on 14 October 2026 (consensus CNY3270B, previous CNY1660B).

When is the next China Total Social Financing?

On Friday 13 November 2026.

תוכן לימודי בלבד, לא ייעוץ השקעות. הנתונים הם התוצאות שפורסמו כפי שנרשמו ביומן שלנו; תגובות השוק המתוארות אופייניות, לא מובטחות.