The Zhitong Finance App learned that on November 13, the central bank released the financial statistics report for October 2026. According to preliminary statistics, the cumulative increase in the scale of social financing in the first ten months of 2026 was 28.61 trillion yuan, 2.29 trillion yuan less than the same period last year. Among them, RMB loans issued to the real economy increased by 10.91 trillion yuan, a year-on-year decrease of 3.61 trillion yuan; foreign currency loans to the real economy increased by 254.6 billion yuan, an increase of 369.2 billion yuan; commissioned loans increased by 208.4 billion yuan, an increase of 10.2 billion yuan; trust loans decreased by 179.8 billion yuan, a year-on-year decrease of 395.8 billion yuan; undiscounted bank acceptance notes decreased by 93.9 billion yuan, an increase of 105.5 billion yuan; net financing of corporate bonds was 3.1 trillion yuan, an increase of 1.27 trillion yuan over the previous year; net financing of government bonds was 11.49 trillion yuan, an increase of 1.27 trillion yuan over the previous year; net financing of government bonds was 11.49 billion yuan One trillion yuan, a year-on-year decrease of 459.2 billion yuan; non-financial enterprises raised 570.5 billion yuan in domestic stocks, an increase of 184.2 billion yuan over the same period last year.
At the end of October, the broad currency (M2) balance was 359.06 trillion yuan, up 7.1% year on year. The balance of narrow currency (M1) was 116.9 trillion yuan, up 4.4% year on year. The balance of currency in circulation (M0) was 15 trillion yuan, an increase of 10.7% over the previous year. Net cash investment of 902.3 billion yuan in the first ten months.
The original text is as follows:
Financial Statistics Report for October 2026
1. The stock of large-scale social financing increased by 7.2% year-on-year
According to preliminary statistics, the social financing scale stock at the end of October 2026 was 469.16 trillion yuan, an increase of 7.2% over the previous year. Among them, the balance of RMB loans issued to the real economy was 279.31 trillion yuan, up 4.6% year on year; the balance of foreign currency loans issued to the real economy was equivalent to RMB 1.26 trillion, up 9% year on year; trust loan balance was 4.49 trillion yuan, down 0.6% year on year; the balance of undiscounted bank acceptance notes was 2.05 trillion yuan, down 4.4% year on year; balance of corporate bonds was 36.92 trillion yuan, up 9.6% year on year; balance of government bonds was 106.41 trillion yuan, up year on year. The increase was 14.4%; the balance of domestic stocks of non-financial enterprises was 12.77 trillion yuan, up 5.5% year on year.
In terms of structure, RMB loan balances issued to the real economy at the end of October accounted for 59.5% of the social financing scale stock during the same period, 1.5 percentage points lower than the previous year; foreign currency loans issued to the real economy accounted for 0.3% of the RMB balance, which was the same; the balance of entrustment loans accounted for 2.5%, 0.1 percentage points lower than the previous year; the balance of trust loans accounted for 1%, which remained flat; the balance of undiscounted bank acceptance notes accounted for 0.4%, 0.1 percentage points lower than the previous year; the balance of corporate bonds accounted for 7.9%, 0.2 percentage points higher than the previous year; the balance of government bonds accounted for 22.7 percentage points higher than the previous year %, 1.4 percentage points higher than the previous year; non-financial companies' domestic stock balances accounted for 2.7%, 0.1 percentage points lower than the previous year.
2. The cumulative increase in the scale of social financing in the first ten months was 28.61 trillion yuan
According to preliminary statistics, the cumulative increase in the scale of social financing in the first ten months of 2026 was 28.61 trillion yuan, 2.29 trillion yuan less than the same period last year. Among them, RMB loans issued to the real economy increased by 10.91 trillion yuan, a year-on-year decrease of 3.61 trillion yuan; foreign currency loans to the real economy increased by 254.6 billion yuan, an increase of 369.2 billion yuan; commissioned loans increased by 208.4 billion yuan, an increase of 10.2 billion yuan; trust loans decreased by 179.8 billion yuan, a year-on-year decrease of 395.8 billion yuan; undiscounted bank acceptance notes decreased by 93.9 billion yuan, an increase of 105.5 billion yuan; net financing of corporate bonds was 3.1 trillion yuan, an increase of 1.27 trillion yuan over the previous year; net financing of government bonds was 11.49 trillion yuan, an increase of 1.27 trillion yuan over the previous year; net financing of government bonds was 11.49 billion yuan One trillion yuan, a year-on-year decrease of 459.2 billion yuan; non-financial enterprises raised 570.5 billion yuan in domestic stocks, an increase of 184.2 billion yuan over the same period last year.
3. Generalized monetary growth of 7.1%
At the end of October, the broad currency (M2) balance was 359.06 trillion yuan, up 7.1% year on year. The balance of narrow currency (M1) was 116.9 trillion yuan, up 4.4% year on year. The balance of currency in circulation (M0) was 15 trillion yuan, an increase of 10.7% over the previous year. Net cash investment of 902.3 billion yuan in the first ten months.
4. RMB deposits increased by 21.97 trillion yuan in the first ten months
At the end of October, the balance of local and foreign currency deposits was 358.81 trillion yuan, an increase of 7.8% over the previous year. The balance of RMB deposits at the end of the month was RMB 350.65 trillion, up 7.7% year on year.
RMB deposits increased by 21.97 trillion yuan in the first ten months. Among them, household deposits increased by 8.47 trillion yuan, non-financial enterprise deposits increased by 1.91 trillion yuan, fiscal deposits increased by 3.03 trillion yuan, and deposits of non-banking financial institutions increased by 5.99 trillion yuan.
At the end of October, the balance of foreign currency deposits was 1.22 trillion US dollars, up 16.9% year on year. Foreign currency deposits increased by US$155.3 billion in the first ten months.
5. RMB loans increased by 11.42 trillion yuan in the first ten months
At the end of October, the balance of local and foreign currency loans was 287.25 trillion yuan, up 4.6% year on year. The balance of RMB loan at the end of the month was RMB 283.33 trillion, up 4.7% year on year.
RMB loans increased by 11.42 trillion yuan in the first ten months. By sector, household loans decreased by 1.46 trillion yuan, of which short-term loans decreased by 1.41 trillion yuan and medium- to long-term loans decreased by 50.1 billion yuan; enterprise (business) unit loans increased by 12.39 trillion yuan, of which short-term loans increased by 4.65 trillion yuan, medium- and long-term loans increased by 6.69 trillion yuan, bill financing increased by 928.3 billion yuan; and loans from non-banking financial institutions decreased by 239.5 billion yuan.
At the end of October, the balance of foreign currency loans was US$583.1 billion, up 5.2% year on year. Foreign currency loans increased by US$38.1 billion in the first ten months.
The monthly weighted average interest rate for interbank lending in the RMB market in June and October was 1.3%, and the weighted average monthly interest rate for pledged bond repurchases was 1.33%
In October, the interbank RMB market traded a total of 167.98 trillion yuan through lending, cash and repurchase, with an average daily turnover of 9.33 trillion yuan. The average daily turnover increased 1.9% year-on-year. Among them, average daily interbank lending transactions decreased 10.8% year over year, average daily cash transactions increased 4.7% year over year, and daily pledged repurchase transactions increased 1.3% year over year.
The weighted average interest rate for interbank lending in October was 1.3%, 0.1 percentage points lower than the previous month and 0.09 percentage points lower than the same period last year; the weighted average interest rate for pledged repurchases was 1.33%, 0.07 percentage points lower than the previous month, and 0.07 percentage points lower than the same period last year.
Cross-border RMB settlement amount under current account in July and October was RMB 1.9 trillion, and RMB 0.56 trillion for direct investment
In October, the amount of cross-border RMB settlement under current accounts was 1.9 trillion yuan, of which trade in goods, trade in services and other current accounts were 1.43 trillion yuan and 0.47 trillion yuan respectively; the amount of cross-border RMB settlement amounts for direct investment was 0.56 trillion yuan, of which OFDI and foreign direct investment were 0.21 trillion yuan and 0.35 trillion yuan respectively.
This article was selected from the official website of the “Central Bank”. Zhitong Finance Editor: Jiang Yuanhua.