Central Bank: In the first two months, the cumulative increase in social financing amounted to 9.6 trillion yuan, which was 3162 billion yuan more than the same period last year.

People’s Bank of China: According to preliminary statistics, the total social financing scale increase in the first two months of 2026 was 9.6 trillion yuan, an increase of 316.2 billion yuan compared to the same period last year.
Among them, RMB loans to the real economy increased by 5.75 trillion yuan, a decrease of 124.8 billion yuan year-on-year; foreign currency loans to the real economy, converted into RMB, increased by 43.3 billion yuan, an increase of 110.5 billion yuan year-on-year; entrusted loans decreased by 37.3 billion yuan, a decrease of 59.3 billion yuan year-on-year; trust loans increased by 96k yuan, an increase of 1.2 billion yuan year-on-year; undiscounted bank acceptance bills increased by 453.8 billion yuan, an increase of 287 billion yuan year-on-year; net corporate bond financing was 655.4 billion yuan, an increase of 39.8 billion yuan; net government bond financing was 2.38 trillion yuan, a decrease of 9.4 billion yuan year-on-year; non-financial enterprise domestic stock financing was 74.5 billion yuan, an increase of 19.5 billion yuan year-on-year.