China total social financing by province
China total social financing flow by province is published quarterly by the PBOC.
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| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | Q4-2023 | Q3-2023 | Q2-2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Beijing: aggregate financing (flow)8 | 10,581 | 6,488 | 18,984 | 15,661 | 14,177 | 8,426 | 10,584 | 6,393 | 5,347 | 5,854 | 1,045 | 5,089 | 5,657.31 | |
| Beijing: RMB loans | 3,301 | 2,612 | 6,089 | 5,317 | 5,380 | 4,510 | 5,349 | 1,828 | 1,369 | 2,783 | 12,507 | 10,167 | 8,128.26 | |
| Beijing: Foreign currency loans (RMB equivalent) | 139 | 100 | 24 | 64 | 30 | 8 | -201 | -174 | -141 | -65 | -188 | -111 | -108.65 | |
| Beijing: Entrusted loans | -210 | 11 | -56 | -243 | -168 | -35 | -146 | -99 | -7 | 13 | -157 | -92 | -46.47 | |
| Beijing: Trust loans | -839 | -426 | -48 | -3 | 34 | 54 | 206 | 69 | 58 | -4 | -139 | 1 | 17.37 | |
| Beijing: Undiscounted bankers' acceptances | -321 | 67 | -587 | 532 | 634 | 39 | 2,574 | 2,495 | 2,361 | 721 | -1,384 | -880 | -359.84 | |
| Beijing: Net financing of corporate bonds | 6,625 | 3,373 | 11,217 | 8,484 | 7,148 | 3,174 | 5,248 | 5,129 | 4,194 | 2,682 | -6,150 | -4,440 | -2,378.51 | |
| Beijing: Government bonds | 466 | 358 | 1,355 | 1,188 | 1,353 | 600 | 1,204 | 933 | 648 | 186 | 811 | 946 | 859.45 | |
| Beijing: Domestic equity financing by non-financial enterprises | 683 | 158 | 567 | 360 | 238 | 227 | 358 | 225 | 207 | 202 | 1,020 | 951 | 750.25 | |
| Tianjin: aggregate financing (flow)8 | 2,684 | 1,139 | 5,384 | 4,367 | 3,058 | 1,412 | 4,920 | 3,256 | 2,350 | 1,425 | 5,337 | 4,104 | 2,539.39 | |
| Tianjin: RMB loans | 1,217 | 892 | 1,958 | 1,687 | 1,352 | 934 | 1,095 | 1,753 | 1,297 | 1,089 | 1,930 | 2,458 | 1,863.75 | |
| Tianjin: Foreign currency loans (RMB equivalent) | 169 | 133 | 96 | 168 | 136 | 80 | 130 | 106 | 104 | 110 | 236 | 224 | 88.12 | |
| Tianjin: Entrusted loans | 44 | -8 | 55 | 37 | 24 | 9 | 247 | 231 | 215 | 17 | 57 | 125 | 148.53 | |
| Tianjin: Trust loans | 89 | 117 | 819 | 592 | 420 | 215 | 384 | 304 | 264 | 98 | 100 | 112 | 80.61 | |
| Tianjin: Undiscounted bankers' acceptances | -196 | -421 | -51 | -30 | -319 | -463 | 810 | 376 | -127 | -142 | -155 | -139 | -233.09 | |
| Tianjin: Net financing of corporate bonds | 421 | 190 | 417 | 202 | 165 | 135 | -501 | -562 | -237 | -61 | 290 | 657 | 271.68 | |
| Tianjin: Government bonds | 746 | 144 | 1,698 | 1,421 | 1,080 | 405 | 2,284 | 748 | 627 | 197 | 2,470 | 365 | 115.84 | |
| Tianjin: Domestic equity financing by non-financial enterprises | 21 | 18 | 6 | 4 | 0 | 0 | 24 | 18 | 18 | 0 | 44 | 43 | 39.43 | |
| Hebei: aggregate financing (flow)8 | 8,521 | 5,953 | 13,697 | 10,515 | 8,650 | 7,007 | 11,592 | 10,562 | 7,773 | 5,737 | 16,078 | 14,066 | 9,863.42 | |
| Hebei: RMB loans | 5,424 | 4,267 | 8,517 | 7,811 | 6,770 | 5,351 | 6,877 | 6,985 | 5,751 | 4,056 | 9,958 | 9,102 | 6,943.21 | |
| Hebei: Foreign currency loans (RMB equivalent) | -30 | -22 | -79 | -69 | -72 | -55 | -25 | 6 | -1 | 25 | -143 | -142 | -70.61 | |
| Hebei: Entrusted loans | -86 | -168 | 221 | 140 | 82 | 45 | 14 | 33 | 0 | 30 | 65 | 132 | 80.76 | |
| Hebei: Trust loans | -107 | 86 | -61 | -7 | 9 | 53 | 152 | 77 | 125 | 137 | 1,424 | 1,154 | 838.85 | |
| Hebei: Undiscounted bankers' acceptances | 149 | 146 | -167 | -906 | -621 | 253 | 601 | 277 | 282 | 435 | 245 | 170 | 88.21 | |
| Hebei: Net financing of corporate bonds | 634 | 100 | 1,099 | 597 | 229 | 123 | 520 | 517 | 475 | 290 | 713 | 567 | 248.22 | |
| Hebei: Government bonds | 1,986 | 1,333 | 3,068 | 2,183 | 1,777 | 1,040 | 2,285 | 1,864 | 611 | 487 | 2,631 | 2,292 | 1,243.75 | |
| Hebei: Domestic equity financing by non-financial enterprises | 59 | 5 | 16 | 7 | 5 | 4 | 47 | 32 | 17 | 7 | 101 | 49 | 38.92 | |
| Shanxi: aggregate financing (flow)8 | 2,697 | 2,439 | 5,061 | 4,719 | 3,488 | 2,770 | 5,699 | 4,925 | 3,401 | 2,426 | 5,547 | 4,743 | 3,754.05 | |
| Shanxi: RMB loans | 2,146 | 1,769 | 3,414 | 3,203 | 2,633 | 2,119 | 3,767 | 3,887 | 2,974 | 2,127 | 4,270 | 3,767 | 3,161.41 | |
| Shanxi: Foreign currency loans (RMB equivalent) | -3 | -1 | 2 | 2 | 0 | -3 | -136 | -123 | -99 | -24 | -69 | -26 | -9.75 | |
| Shanxi: Entrusted loans | -87 | -22 | -61 | -42 | -49 | -27 | -94 | -24 | -7 | 15 | -136 | -104 | -126.69 | |
| Shanxi: Trust loans | -144 | -93 | -172 | -114 | -32 | 5 | 200 | 191 | 115 | 23 | 2 | 4 | 14.44 | |
| Shanxi: Undiscounted bankers' acceptances | -31 | 99 | 42 | 116 | 67 | 182 | 242 | -67 | 27 | 98 | 153 | 302 | 108.42 | |
| Shanxi: Net financing of corporate bonds | 234 | 90 | 13 | -14 | -160 | -213 | 74 | 12 | 25 | 97 | 150 | -125 | -36.2 | |
| Shanxi: Government bonds | 407 | 507 | 1,362 | 1,214 | 764 | 550 | 1,198 | 777 | 215 | 24 | 795 | 646 | 443.82 | |
| Shanxi: Domestic equity financing by non-financial enterprises | 0 | 0 | 105 | 101 | 95 | 87 | 80 | 40 | 0 | 0 | 47 | 47 | 44 | |
| Inner Mongolia: aggregate financing (flow)8 | 1,548 | 1,268 | 3,053 | 2,512 | 1,677 | 1,354 | 3,036 | 2,841 | 2,022 | 1,332 | 5,123 | 3,587 | 2,655.14 | |
| Inner Mongolia: RMB loans | 782 | 662 | 1,408 | 922 | 852 | 521 | 1,688 | 2,084 | 1,600 | 1,067 | 3,067 | 2,631 | 2,082.69 | |
| Inner Mongolia: Foreign currency loans (RMB equivalent) | -5 | -5 | 4 | -1 | -1 | 0 | 0 | 0 | 0 | 0 | -7 | -6 | -3.73 | |
| Inner Mongolia: Entrusted loans | 18 | 9 | 126 | 10 | -16 | -13 | 35 | 67 | 46 | 32 | -16 | -9 | 9.95 | |
| Inner Mongolia: Trust loans | -2 | 0 | -6 | -5 | -5 | -3 | -22 | -22 | -22 | 0 | -11 | -11 | -11.64 | |
| Inner Mongolia: Undiscounted bankers' acceptances | -46 | 48 | 1 | 340 | -15 | 75 | -35 | 102 | 66 | 209 | 244 | 267 | 136.15 | |
| Inner Mongolia: Net financing of corporate bonds | -42 | -70 | 37 | 71 | -5 | -28 | 61 | -20 | -17 | -13 | -5 | 9 | 21.83 | |
| Inner Mongolia: Government bonds | 671 | 534 | 1,153 | 1,006 | 762 | 758 | 1,025 | 409 | 182 | -29 | 1,531 | 481 | 243.28 | |
| Inner Mongolia: Domestic equity financing by non-financial enterprises | 27 | 27 | 30 | 8 | 8 | 8 | 7 | 1 | 0 | 0 | 47 | 40 | 40 | |
| Liaoning: aggregate financing (flow)8 | 1,642 | 1,360 | 3,482 | 3,398 | 2,794 | 2,126 | -1,399 | 1,366 | 211 | 1,113 | 2,438 | 2,425 | 1,760.5 | |
| Liaoning: RMB loans | -21 | 584 | 1,492 | 1,874 | 1,828 | 1,542 | -2,854 | 689 | 221 | 1,083 | 591 | 1,846 | 1,788.08 | |
| Liaoning: Foreign currency loans (RMB equivalent) | 8 | 11 | -46 | -11 | 48 | 86 | -41 | -54 | -46 | -2 | -57 | -52 | -19.39 | |
| Liaoning: Entrusted loans | -15 | -20 | 61 | 50 | 40 | -45 | 24 | 11 | -23 | -26 | 20 | 26 | 11.22 | |
| Liaoning: Trust loans | 0 | 0 | -6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -11 | -11 | -11.09 | |
| Liaoning: Undiscounted bankers' acceptances | -146 | -29 | -737 | -566 | -341 | -300 | -219 | -138 | -217 | -119 | 13 | 33 | -254.84 | |
| Liaoning: Net financing of corporate bonds | 282 | 114 | 373 | 84 | -88 | -168 | -93 | -42 | -13 | 0 | -289 | -236 | -235.26 | |
| Liaoning: Government bonds | 1,312 | 604 | 1,677 | 1,544 | 1,027 | 854 | 1,163 | 482 | 48 | 71 | 1,459 | 356 | 172.71 | |
| Liaoning: Domestic equity financing by non-financial enterprises | 23 | 14 | 25 | 5 | 1 | 1 | 22 | 21 | 20 | 11 | 74 | 56 | 37.96 | |
| Jilin: aggregate financing (flow)8 | 1,135 | 1,412 | 1,863 | 1,598 | 1,192 | 1,080 | 2,727 | 1,899 | 1,464 | 1,037 | 3,634 | 2,609 | 1,563.89 | |
| Jilin: RMB loans | 836 | 553 | 126 | 614 | 764 | 436 | 1,305 | 1,099 | 1,055 | 864 | 1,469 | 1,420 | 1,216.25 | |
| Jilin: Foreign currency loans (RMB equivalent) | 0 | 1 | 0 | 0 | 1 | 1 | -9 | -6 | -5 | 1 | -7 | -6 | -4.37 | |
| Jilin: Entrusted loans | -47 | -3 | 35 | 48 | -31 | -22 | -63 | -59 | -63 | -30 | -178 | -136 | -158.58 | |
| Jilin: Trust loans | 3 | 11 | 244 | 9 | 6 | 11 | 2 | 5 | 3 | 1 | -15 | -9 | -11.39 | |
| Jilin: Undiscounted bankers' acceptances | -525 | 117 | -99 | -135 | -206 | 58 | -153 | -2 | 157 | 87 | 458 | 579 | 386.28 | |
| Jilin: Net financing of corporate bonds | 157 | 38 | 105 | 52 | -17 | 17 | 177 | 102 | 53 | -19 | -80 | -30 | -70.16 | |
| Jilin: Government bonds | 587 | 636 | 1,186 | 844 | 570 | 523 | 1,124 | 560 | 131 | 65 | 1,712 | 613 | 106.69 | |
| Jilin: Domestic equity financing by non-financial enterprises | 3 | 3 | 7 | 5 | 4 | 4 | 70 | 2 | 2 | 2 | 23 | 19 | 0.55 | |
| Heilongjiang: aggregate financing (flow)8 | 677 | 781 | 1,571 | 1,382 | 1,254 | 1,081 | 1,829 | 1,658 | 1,027 | 1,179 | 2,122 | 1,571 | 1,607.09 | |
| Heilongjiang: RMB loans | 183 | 200 | 126 | -108 | 411 | 804 | 1,553 | 1,665 | 1,692 | 1,481 | 1,381 | 1,502 | 1,585.08 | |
| Heilongjiang: Foreign currency loans (RMB equivalent) | 3 | 0 | -3 | -2 | -2 | -1 | -1 | -2 | -1 | -1 | -9 | -5 | 2.42 | |
| Heilongjiang: Entrusted loans | -33 | -22 | -113 | -108 | -110 | -44 | -14 | 52 | -20 | -9 | -96 | -54 | -35.69 | |
| Heilongjiang: Trust loans | -58 | -33 | -129 | -119 | -69 | -27 | -229 | -210 | -152 | -57 | -213 | -82 | 32.15 | |
| Heilongjiang: Undiscounted bankers' acceptances | -91 | 348 | 207 | 508 | 118 | 171 | -920 | -644 | -571 | -369 | -306 | -389 | -316.56 | |
| Heilongjiang: Net financing of corporate bonds | -40 | -7 | -125 | -142 | -123 | -51 | -23 | -7 | 3 | 11 | 26 | 40 | 18.69 | |
| Heilongjiang: Government bonds | 573 | 226 | 1,213 | 1,085 | 844 | 155 | 1,134 | 608 | -26 | 72 | 1,020 | 362 | 209.85 | |
| Heilongjiang: Domestic equity financing by non-financial enterprises | 8 | 8 | 52 | 50 | 49 | 11 | 32 | 31 | 1 | 1 | 49 | 49 | 27.09 | |
| Shanghai: aggregate financing (flow)8 | 6,915 | 4,743 | 11,632 | 10,468 | 8,419 | 4,605 | 10,612 | 8,958 | 5,178 | 3,306 | 7,411 | 6,016 | 4,212.11 | |
| Shanghai: RMB loans | 4,081 | 3,495 | 6,589 | 5,340 | 5,108 | 3,759 | 9,011 | 7,345 | 5,412 | 4,054 | 7,404 | 6,201 | 5,024.8 | |
| Shanghai: Foreign currency loans (RMB equivalent) | 429 | 118 | -99 | -14 | 43 | -55 | -159 | -226 | -206 | -72 | -459 | -404 | -175.86 | |
| Shanghai: Entrusted loans | -233 | -41 | -5 | -268 | -270 | -95 | -630 | -667 | -602 | -438 | -718 | -647 | -434.28 | |
| Shanghai: Trust loans | -60 | -37 | 368 | 450 | 556 | 471 | 804 | 633 | 207 | -67 | -444 | -303 | -305.7 | |
| Shanghai: Undiscounted bankers' acceptances | -217 | -455 | 372 | 1,399 | -113 | -350 | -926 | -163 | -383 | -1,311 | 541 | 477 | -286.06 | |
| Shanghai: Net financing of corporate bonds | 1,814 | 988 | 1,543 | 1,460 | 1,026 | 343 | 1,097 | 1,175 | 867 | 1,040 | -1,145 | -1,157 | -786.98 | |
| Shanghai: Government bonds | 577 | 454 | 1,329 | 1,122 | 1,444 | 317 | 259 | 46 | -592 | -156 | 294 | 384 | 331.4 | |
| Shanghai: Domestic equity financing by non-financial enterprises | 170 | 108 | 547 | 253 | 142 | 29 | 178 | 140 | 72 | 56 | 1,090 | 937 | 521.75 | |
| Jiangsu: aggregate financing (flow)8 | 28,887 | 23,288 | 32,019 | 29,927 | 26,258 | 20,646 | 28,852 | 24,422 | 21,914 | 18,214 | 36,794 | 33,117 | 28,638.33 | |
| Jiangsu: RMB loans | 19,998 | 17,840 | 23,869 | 23,095 | 20,864 | 15,892 | 24,239 | 22,729 | 19,109 | 13,712 | 29,664 | 26,241 | 21,689.09 | |
| Jiangsu: Foreign currency loans (RMB equivalent) | 347 | 262 | -400 | -227 | -167 | -163 | -647 | -294 | 264 | 442 | -490 | -308 | 130.93 | |
| Jiangsu: Entrusted loans | 110 | -9 | 119 | 114 | 43 | 37 | 621 | 570 | 392 | 197 | 501 | 255 | 140.21 | |
| Jiangsu: Trust loans | 87 | 65 | -33 | -88 | -141 | -93 | -223 | -195 | -73 | 6 | 5 | -45 | -17.41 | |
| Jiangsu: Undiscounted bankers' acceptances | 930 | 1,317 | 163 | 27 | 98 | 1,662 | -3,077 | -2,731 | -1,113 | 1,279 | -1,878 | -696 | 833.46 | |
| Jiangsu: Net financing of corporate bonds | 1,107 | 748 | -81 | -195 | -157 | 148 | 196 | 222 | 819 | 1,326 | 4,432 | 4,167 | 2,881.09 | |
| Jiangsu: Government bonds | 4,712 | 2,392 | 5,701 | 5,319 | 4,572 | 2,707 | 5,496 | 2,593 | 1,481 | 724 | 2,044 | 1,638 | 1,725.16 | |
| Jiangsu: Domestic equity financing by non-financial enterprises | 339 | 114 | 511 | 337 | 187 | 58 | 297 | 159 | 132 | 81 | 863 | 738 | 538.59 | |
| Zhejiang: aggregate financing (flow)8 | 19,412 | 15,432 | 28,970 | 25,312 | 18,996 | 13,686 | 26,418 | 21,723 | 16,883 | 14,075 | 37,305 | 33,505 | 24,450.28 | |
| Zhejiang: RMB loans | 12,662 | 10,674 | 19,060 | 17,615 | 15,341 | 11,858 | 20,392 | 18,242 | 14,935 | 12,458 | 26,902 | 24,191 | 19,318.46 | |
| Zhejiang: Foreign currency loans (RMB equivalent) | 274 | 200 | -42 | 30 | 40 | 66 | -166 | 18 | 149 | 220 | -205 | -96 | -12.3 | |
| Zhejiang: Entrusted loans | -89 | -104 | 171 | -98 | -42 | -12 | 37 | -43 | -37 | 51 | 214 | 186 | 162.84 | |
| Zhejiang: Trust loans | 213 | 192 | 589 | 348 | 128 | 6 | -154 | -130 | -33 | 9 | -137 | -195 | -159.42 | |
| Zhejiang: Undiscounted bankers' acceptances | 1,708 | 1,015 | 1,149 | 1,022 | -126 | -61 | -1,116 | -995 | -1,460 | -375 | 1,092 | 871 | -232.02 | |
| Zhejiang: Net financing of corporate bonds | 1,009 | 719 | 503 | 205 | 43 | -75 | 903 | 816 | 974 | 868 | 4,048 | 3,873 | 2,835.5 | |
| Zhejiang: Government bonds | 2,228 | 2,182 | 4,793 | 4,150 | 2,291 | 1,344 | 4,396 | 2,450 | 1,456 | 443 | 2,718 | 2,587 | 988.53 | |
| Zhejiang: Domestic equity financing by non-financial enterprises | 374 | 148 | 548 | 445 | 245 | 154 | 352 | 239 | 159 | 95 | 1,120 | 974 | 726.8 | |
| Anhui: aggregate financing (flow)8 | 8,978 | 6,557 | 11,657 | 10,374 | 7,994 | 5,362 | 11,827 | 9,956 | 7,886 | 5,859 | 13,887 | 12,139 | 9,602 |
Latest reading
The series on this page is quarterly and runs from Q4 2013 to Q2 2026. Source: People's Bank of China — Aggregate Financing to the Real Economy (Flow) by Province.
About this data
China total social financing flow by province is published quarterly by the PBOC. The table reports year-to-date incremental aggregate financing across provinces and key components including RMB loans, trust loans, and corporate bonds. Additional items include foreign currency loans, entrusted loans, undiscounted bankers' acceptances, government bonds, and equity financing in 100 million yuan. Figures reflect quarterly cumulative flows rather than stocks, with continuous PBOC provincial series available since 2013.
Frequently asked questions
- What is the latest figure for China total social financing by province?
- Guangdong: aggregate financing (flow) stood at 17,526 100 million yuan in Q2 2026. That is +56.7% from Q1 2026 and +11.4% from a year earlier.
- How far back does the China total social financing by province data go?
- The series on this page is quarterly and runs from Q4 2013 to Q2 2026. Source: People's Bank of China — Aggregate Financing to the Real Economy (Flow) by Province. Every series in the table can be charted over its full history and downloaded as CSV or Excel.
- What does China's total social financing by province measure?
- China total social financing by province measures the quarterly flow of aggregate financing provided by the domestic financial system to real-economy entities across each individual Chinese province. Published by the People's Bank of China, it captures new credit and capital raised locally through bank loans, off-balance-sheet instruments, bonds, and equities.
- Which financing components are tracked in China's provincial total social financing table?
- The table covers total provincial aggregate financing flow and major subcategories, including RMB loans, foreign currency loans, entrusted loans, trust loans, undiscounted bankers' acceptances, net corporate bond financing, government bonds, and domestic equity financing. Component data are reported in units of 100 million yuan.
- How are the quarterly figures in China's provincial total social financing table reported?
- In China, provincial total social financing figures are reported on a cumulative year-to-date basis for each quarter. Fourth-quarter figures represent full-year annual flows, and subcomponents represent 'of which' items that do not necessarily sum to the provincial aggregate total.