OREANDA-NEWS. May 06, 2014. According to preliminary statistics, the all-system financing aggregate reached 5.60 trillion yuan in the first quarter of 2014, 561.2 billion yuan less than that in the same period of the previous year.

In particular, new RMB loans posted 3.01 trillion yuan, up 259.2 billion yuan year on year; new foreign currency-denominated loans posted an equivalent of 425.3 billion yuan, down 20 billion yuan year on year; new entrusted loans posted 715.3 billion yuan, up 191.8 billion yuan year on year; new trust loans posted 280.2 billion yuan, down 544.2 billion yuan year on year; undiscounted banker’s acceptances increased by 559.2 billion yuan, down 111.4 billion yuan year on year; net bond financing of enterprises posted 384.6 billion yuan, down 372.7 billion yuan year on year; financing by domestic non-financial companies via the domestic stock market was 97.5 billion yuan, up 35.8 billion yuan year on year. In March, all-system financing aggregate was 2.07 trillion yuan, 1.13 trillion yuan more than that in the previous month but down 479.4 billion yuan year on year.

From a structural point of view, new RMB loans accounted for 53.8 percent in the all-system financing aggregate, up 9.1 percentage points year on year; new foreign currency-denominated loans accounted for 7.6 percent, up 0.4 percentage points year on year; new entrusted loans accounted for 12.8 percent, up 4.3 percentage points year on year; new trust loans accounted for 5.0 percent, down 8.4 percentage points year on year; new undiscounted banker’s acceptances accounted for 10.0 percent, down 0.9 percentage points year on year; new corporate bond financing by domestic non-financial companies via the domestic stock market accounted for 1.7 percent, up 0.7 percentage points year on year.

Note 1: Sources of the all-system financing aggregate data were the People’s Bank of China, National Development and Reform Commission, China Securities Regulatory Commission, China Insurance Regulatory Commission, China Government Securities Depository Trust and Clearing Co., Ltd., National Association of Financial Market Institutional Investors, and etc.