人民银行：前三季度社融数据公布

（本文来自人民银行官网）

http://www.pbc.gov.cn/goutongjiaoliu/113456/113469/4109501/index.html

2020年前三季度社会融资规模增量统计数据报告

初步统计，2020年前三季度社会融资规模增量累计为29.62万亿元，比上年同期多9.01万亿元。其中，对实体经济发放的人民币贷款增加16.69万亿元，同比多增2.79万亿元；对实体经济发放的外币贷款折合人民币增加3052亿元，同比多增3863亿元；委托贷款减少3190亿元，同比少减3264亿元；信托贷款减少4137亿元，同比多减3059亿元；未贴现的银行承兑汇票增加5676亿元，同比多增1.09万亿元；企业债券净融资4.1万亿元，同比多1.65万亿元；政府债券净融资6.73万亿元，同比多2.74万亿元；非金融企业境内股票融资6099亿元，同比多3756亿元。9月份,社会融资规模增量为3.48万亿元，比上年同期多9630亿元。

从结构看，前三季度对实体经济发放的人民币贷款占同期社会融资规模的56.3%，同比低11.1个百分点；对实体经济发放的外币贷款折合人民币占比1%，同比高1.4个百分点；委托贷款占比-1.1%，同比高2个百分点；信托贷款占比-1.4%，同比低0.9个百分点；未贴现的银行承兑汇票占比1.9%，同比高4.4个百分点；企业债券占比13.8%，同比高1.9个百分点；政府债券占比22.7%，同比高3.4个百分点；非金融企业境内股票融资占比2.1%，同比高1个百分点。

注1：社会融资规模增量是指一定时期内实体经济从金融体系获得的资金额。数据来源于中国人民银行、中国银行保险监督管理委员会、中国证券监督管理委员会、中央国债登记结算有限责任公司、银行间市场交易商协会等部门。

注2：2019年12月起，人民银行进一步完善社会融资规模统计，将“国债”和“地方政府一般债券”纳入社会融资规模统计，与原有“地方政府专项债券”合并为“政府债券”指标，指标数值为托管机构的托管面值；2019年9月起，人民银行完善“社会融资规模”中的“企业债券”统计，将“交易所企业资产支持证券”纳入“企业债券”指标；2018年9月起，人民银行将“地方政府专项债券”纳入社会融资规模统计；2018年7月起，人民银行完善社会融资规模统计方法，将“存款类金融机构资产支持证券”和“贷款核销”纳入社会融资规模统计，在“其他融资”项下单独列示。

注3：文内同比数据为可比口径。

http://www.pbc.gov.cn/en/3688247/3688978/3709140/4110046/index.html

Report on Aggregate Financing to the Real Economy (Flow) (Q1-Q3 2020)

According to preliminary statistics, the aggregate financing to the real economy (AFRE) (flow) cumulatively was RMB29.62 trillion in the first three quarters of 2020, up RMB9.01 trillion year on year (y-o-y). Specifically, RMB loans to the real economy registered an increase of RMB16.69 trillion, RMB2.79 trillion more than the increase of the same period of 2019; foreign currency-denominated loans to the real economy (RMB equivalent) recorded an increase of RMB305.2 billion, RMB386.3 billion more than the increase of the same period of 2019; entrusted loans registered a decrease of RMB319.0 billion, narrowing the decrease from the same period last year by RMB326.4 billion; trust loans recorded a decrease of RMB413.7 billion, RMB305.9 billion more than the decrease from the same period last year; undiscounted bankers’ acceptances recorded an increase of RMB567.6 billion, RMB1.09 trillion more than the increase of the same period of 2019; net financing of corporate bonds stood at RMB4.1 trillion, up RMB1.65 trillion y-o-y; net financing of government bonds was RMB6.73 trillion, up RMB2.74 trillion from the same period last year; domestic equity financing by non-financial enterprises amounted to RMB609.9 billion, up RMB375.6 billion y-o-y. The AFRE (flow) was RMB3.48 trillion in September 2020, up RMB963.0 billion y-o-y.

By structure, RMB loans to the real economy accounted for 56.3% of AFRE (flow) in the first three quarters of 2020, down 11.1 percentage points y-o-y; foreign currency-denominated loans to the real economy (RMB equivalent) occupied 1%, up 1.4 percentage points y-o-y; entrusted loans accounted for -1.1%, up 2 percentage points y-o-y; trust loans occupied -1.4%, down 0.9 percentage points y-o-y; undiscounted bankers’ acceptances accounted for 1.9%, up 4.4 percentage points y-o-y; corporate bonds occupied 13.8%, up 1.9 percentage points y-o-y; government bonds accounted for 22.7%, up 3.4 percentage points y-o-y; domestic equity financing of non-financial enterprises made up for 2.1%, up 1 percentage point y-o-y.

Note 1: AFRE (flow) refers to the volume of financing provided by the financial system to the real economy within a certain period of time. In the calculations of AFRE (flow), data are from the organizations including the PBC, CBIRC, CSRC, CCDC and NAFMII.

Note 2: The PBC further improved the statistics of AFRE from December 2019, by incorporating “treasury bonds” and “local government general bonds” into the statistics of AFRE, and combining them with the existing “local government special bonds” under the item “government bonds”. The value of the indicator is the face value of the bonds under custody. The PBC improved the statistics of “corporate bonds” of AFRE from September 2019, which incorporated “exchange-listed corporate asset-backed securities” into “corporate bonds”. The PBC incorporated “local government special bonds” into the statistics of AFRE from September 2018. The PBC further improved the statistical method of AFRE from August 2018, which incorporated “asset-backed securities of depository financial institutions” and “written-off loans” into AFRE statistics under the item of “other financing”.

Note 3: The year-on-year statistics in this report are on a comparable basis.