Business · Economy · 12 hrs ago
China’s yuan-denominated credit rose 4.7% in January–October
China’s yuan-denominated credit grew 4.7% in the first 10 months of 2026 compared with the same period a year earlier.
The People’s Bank of China said the total reached 283.33 trillion yuan, about $42.47 trillion.
Businesses received 12.39 trillion yuan more in new loans than in the same period last year.
By contrast, households received 1.46 trillion yuan less in new loans.
Yuan deposits rose by 21.97 trillion yuan, including 8.47 trillion yuan in household deposits.
The figures show lending and money supply expanding, but household borrowing weakened while business lending increased; the data give no forecast or next policy step.
China’s yuan-denominated credit rose 4.7% in January–October 2026 from the same period a year earlier.
The total volume of yuan loans issued by banks and financial institutions reached 283.33 trillion yuan.
The increase in credit over the year-earlier period was 11.43 trillion yuan.
Businesses received 12.39 trillion yuan more in new loans, while households received 1.46 trillion yuan less.
Yuan-denominated deposits increased by 21.97 trillion yuan over the period.
- Who
- Chinese banks and financial institutions issued the loans, according to data from the People’s Bank of China.
- What
- Total yuan-denominated credit rose 4.7% to 283.33 trillion yuan.
- When
- January–October 2026.
- Where
- China.
- Why
- Not stated.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Credit growth
- 4.7%
- Total yuan loans
- 283.33 trillion yuan
- Increase in loans
- 11.43 trillion yuan
- Business new lending
- 12.39 trillion yuan higher than in the same period a year earlier
- Household new lending
- 1.46 trillion yuan lower than in the same period a year earlier
- Yuan-denominated deposits
- Increased by 21.97 trillion yuan