Every atomic assertion extracted from the underlying record, ranked by evidence strength.
AFRE (flow) refers to the volume of financing provided by the financial system to the real economy within a certain period.
"Loans to enterprises and public institutions" in this report refers to loans to non-financial enterprises, government agencies, and organizations.
AFRE (Stock) refers to the outstanding financing provided by the financial system to the real economy at the end of a period.
Data for the current period are preliminary.
Outstanding aggregate financing to the real economy (AFRE) increased 7.8 percent year on year at end-April 2026.
Broad money supply (M2) rose by 8.6 percent year on year at end-April 2026.
In the first four months of 2026, new RMB loans totaled RMB8.59 trillion.
The monthly weighted average interest rate for interbank lending decreased by 0.44 percentage points year on year in April 2026.
Outstanding entrusted loans registered RMB11.23 trillion at end-April 2026.
Outstanding undiscounted bankers' acceptances decreased 7.9 percent year on year at end-April 2026.
Outstanding foreign currency-denominated loans to the real economy (RMB equivalent) decreased 3.8 percent year on year at end-April 2026.
Outstanding corporate bonds registered RMB35.52 trillion at end-April 2026.
Outstanding corporate bonds increased 8.3 percent year on year at end-April 2026.
Outstanding government bonds reached RMB99.37 trillion at end-April 2026.
Outstanding RMB loans to the real economy posted RMB276.9 trillion at end-April 2026.
Outstanding undiscounted bankers' acceptances recorded RMB2.2 trillion at end-April 2026.
The share of outstanding RMB loans to the real economy in total AFRE decreased by 1.3 percentage points year on year at end-April 2026.
Outstanding trust loans increased 7.4 percent year on year at end-April 2026.
Outstanding foreign currency-denominated loans to the real economy (RMB equivalent) recorded RMB1.13 trillion at end-April 2026.
Outstanding foreign currency-denominated loans to the real economy (RMB equivalent) accounted for 0.2 percent of total AFRE at end-April 2026.
The share of outstanding foreign currency-denominated loans to the real economy (RMB equivalent) in total AFRE decreased by 0.1 percentage points year on year at end-April 2026.
Outstanding entrusted loans accounted for 2.5 percent of total AFRE at end-April 2026.
The share of outstanding entrusted loans in total AFRE decreased by 0.2 percentage points year on year at end-April 2026.
Outstanding trust loans accounted for 1 percent of total AFRE at end-April 2026.
The share of outstanding trust loans in total AFRE was flat year on year at end-April 2026.
Outstanding undiscounted bankers' acceptances accounted for 0.5 percent of total AFRE at end-April 2026.
The share of outstanding undiscounted bankers' acceptances in total AFRE decreased by 0.1 percentage points year on year at end-April 2026.
Outstanding corporate bonds accounted for 7.8 percent of total AFRE at end-April 2026.
The share of outstanding corporate bonds in total AFRE increased by 0.1 percentage points year on year at end-April 2026.
Outstanding government bonds accounted for 21.7 percent of total AFRE at end-April 2026.
Outstanding RMB loans to the real economy accounted for 60.6 percent of the total AFRE at end-April 2026.
AFRE (flow) in the first four months of 2026 was down RMB893.0 billion from the same period of 2025.
Outstanding domestic equity of non-financial firms increased 4.6 percent year on year at end-April 2026.
Outstanding trust loans registered RMB4.67 trillion at end-April 2026.
The aggregate financing to the real economy (AFRE) (flow) was RMB15.45 trillion in the first four months of 2026.
RMB loans to the real economy registered an increase of RMB8.5 trillion in the first four months of 2026.
The increase in RMB loans to the real economy in the first four months of 2026 was RMB1.29 trillion less than the increase in the same period of 2025.
Foreign currency-denominated loans to the real economy (RMB equivalent) recorded an increase of RMB103.6 billion in the first four months of 2026.
The increase in foreign currency-denominated loans to the real economy (RMB equivalent) in the first four months of 2026 was RMB213.4 billion more than the increase in the same period of 2025.
Entrusted loans registered a decrease of RMB94.1 billion in the first four months of 2026.
The decrease in entrusted loans in the first four months of 2026 was RMB99.4 billion more than the decrease in the same period of 2025.
Trust loans recorded an increase of RMB0.3 billion in the first four months of 2026.
The increase in trust loans in the first four months of 2026 was RMB45.1 billion less than the increase in the same period of 2025.
Undiscounted bankers' acceptances recorded an increase of RMB51.3 billion in the first four months of 2026.
The increase in undiscounted bankers' acceptances in the first four months of 2026 was RMB199.2 billion less than the increase in the same period of 2025.
Net financing of corporate bonds was RMB1.5 trillion in the first four months of 2026.
Net financing of corporate bonds in the first four months of 2026 was up RMB739.3 billion year on year.
Net financing of government bonds was RMB4.45 trillion in the first four months of 2026.
Net financing of government bonds in the first four months of 2026 was down RMB399.0 billion year on year.
Domestic equity financing by non-financial enterprises was RMB200.8 billion in the first four months of 2026.
Domestic equity financing by non-financial enterprises in the first four months of 2026 was up RMB65.5 billion year on year.
Broad money supply (M2) stood at RMB353.04 trillion at end-April 2026.
The share of outstanding domestic equity of non-financial firms in total AFRE decreased by 0.1 percentage points year on year at end-April 2026.
Narrow money supply (M1) stood at RMB114.58 trillion at end-April 2026.
Narrow money supply (M1) grew by 5 percent year on year at end-April 2026.
The amount of currency in circulation (M0) was RMB14.75 trillion at end-April 2026.
The amount of currency in circulation (M0) increased by 12.2 percent year on year at end-April 2026.
The first four months of 2026 saw a net money injection of RMB653.0 billion.
The outstanding amount of RMB and foreign currency deposits was RMB350.57 trillion at end-April 2026.
Outstanding domestic equity of non-financial firms amounted to RMB12.4 trillion at end-April 2026.