According to the latest data published by the People’s Bank of China on Nov, 12th, the social financing in the first 10 months in 2012 totaled 13.02 trillion yuan, 2.42 trillion yuan more compared with the same period last year. Among it, the social financing in October reached 1.29 trillion yuan, 503.8 billion yuan more compared with the same period last year, creating a new low in a consecutive 13-months since October, 2011.

In October, RMB loans increased 505.2 billion yuan, increasing 81.6 billion yuan less year-on-year. Foreign currency loans increased 129 billion yuan (converted into RMB), increasing 87.5 billion yuan more year-on-year. It is calculated that RMB loans accounted for less than 40 percent of the total social financing, with the percentage of merely 39.2 percent.

Entrusted loans increased 94.1 billion yuan in October, rising by 42.3 billion yuan year-on-year. Trust loans increased 144.5 billion yuan, up by 135.5 billion year-on-year. Non-discounted bank acceptance notes increased 79.1 billion yuan with a pick-up of 197.7 billion yuan year-on-year.

Net financing of company bonds reached 299.2 billion yuan, growing 135.3 billion yuan year-on-year. Stock financing of non-finance domestic enterprises was 8.8 billion yuan with a year-on-year drop of 15.6 billion yuan.