China's total social financing in the Chinese mainland reached 440.07 trillion yuan ($62.4 trillion) by the end of November, up 8.5% year-on-year, the People's Bank of China (PBOC) reported on Friday. This milestone surpasses the full-year total for 2024 with one month to spare, underscoring robust policy support and liquidity heading into year-end.
Within this figure, yuan-denominated loans to the real economy totaled 267.42 trillion yuan, marking a 6.3% annual increase. Such lending momentum signals sustained backing for businesses and infrastructure projects, from green energy ventures to emerging tech startups.
Meanwhile, broad money supply (M2) expanded by 8% to 336.99 trillion yuan, narrow money (M1) grew 4.9% to 112.89 trillion yuan, and currency in circulation (M0) climbed 10.6% to 13.74 trillion yuan. These liquidity measures point to ample credit availability, which can fuel domestic consumption and investment.
For global entrepreneurs and investors, these trends highlight that the Chinese mainland continues to emphasize stable growth and market stability. As the world navigates shifting economic headwinds, robust financing flows in the Chinese mainland could open doors for cross-border partnerships, supply chain diversification, and innovation collaboration.
What are your thoughts on these developments? Share your perspective on how liquidity trends in the Chinese mainland might shape global markets in the coming months.
Reference(s):
China's social financing growth surpasses 2024 full-year level
cgtn.com
