At the end of March, the stock of social financing scale increased by 10.6% year-on-year, up 0.4 percentage points from the previous month. The increment of social financing scale was 4.65 trillion yuan, 1.28 trillion yuan more than the same period last year, exceeding market expectations. It was mainly supported by credit, undiscounted bank acceptance bills and government bonds.
Among them, the balance of RMB loans to the real economy was 199.85 trillion yuan, a year-on-year increase of 11.3%; The balance of foreign currency loans to the real economy was 2.33 trillion yuan, an increase of 0.7% year-on-year; The balance of entrusted loans was 10.93 trillion yuan, a year-on-year decrease of 1%; The balance of trust loans was 4.18 trillion yuan, a year-on-year decrease of 30.5%; The balance of undiscounted bank acceptance bills was 3.08 trillion yuan, a year-on-year decrease of 19.5%; The balance of corporate bonds was 31.06 trillion yuan, a year-on-year increase of 10.2%; The balance of government bonds was 54.65 trillion yuan, a year-on-year increase of 17%; The domestic stock balance of non-financial enterprises was 9.76 trillion yuan, a year-on-year increase of 14.9%.
