China’s total social financing soars to record 5.15 trln yuan in March

1 BUSINESS

Business News - Opportunities - Reviews

 

 

BEIJING, April 10 (Reuters) – China’s total social financing (TSF) rose to a record 5.15 trillion yuan ($732 billion) in March, compared with 855 billion yuan in February, the central bank told a briefing on Friday.

Analysts polled by Reuters had expected 2.8 trillion yuan.

TSF includes off-balance-sheet forms of financing that exist outside the conventional bank lending system, such as initial public offerings, loans from trust companies and bond sales.

Outstanding TSF was 262.24 trillion yuan ($37.3 trillion) at the end of March, up 11.5% from a year earlier. (Reporting by Judy Hua and Kevin Yao; Writing by Yawen Chen; Editing by Kim Coghill)

1 BUSINESS

Business News - Opportunities - Reviews

 

 

Leave a Reply