China November total social financing rises to 1.74tr yuan

16-Dec-2016 Intellasia | Reuters | 6:00 AM Print This Post

China’s total social financing (TSF), a broad measure of credit and liquidity in the economy, rose sharply to 1.74 trillion yuan ($251.99 billion) in November from 896.3 billion yuan in October, data from the central bank showed on Wednesday.

TSF includes off-balance sheet forms of financing that exist outside the conventional bank lending system, such as initial public offers, loans from trust companies and bond sales.

($1 = 6.9051 Chinese yuan renminbi)

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Category: China

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