OREANDA-NEWS. November 05, 2014. According to preliminary statistics, the all-system financing aggregate reached 12.84 trillion yuan in the first three quarters of 2014, 1.12 trillion yuan less than that in the same period of the previous year.

In particular, new RMB loans posted 7.68 trillion yuan, up 404.5 billion yuan year on year; new foreign currency-denominated loans posted an equivalent of 375.6 billion yuan, down 140.9 billion yuan year on year; new entrusted loans posted 1.79 trillion yuan, down 32.9 billion yuan year on year; new trust loans posted 360.2 billion yuan, down 1.23 trillion yuan year on year; undiscounted banker’s acceptances increased by 118.8 billion yuan, down 517.3 billion yuan year on year; net bond financing of enterprises posted 1.82 trillion yuan, up 286.3 billion yuan year on year; financing by domestic non-financial companies via the domestic stock market was 303.3 billion yuan, up 140.8 billion yuan year on year. In September, all-system financing aggregate was 1.05 trillion yuan, up 94.5 billion yuan month on month but down 359.8 billion yuan year on year.

From a structural point of view, new RMB loans accounted for 59.8 percent in the all-system financing aggregate, up 7.7 percentage points year on year; new foreign currency-denominated loans accounted for 2.9 percent, down 0.8 percentage points year on year; new entrusted loans accounted for 13.9 percent, up 0.9 percentage points year on year; new trust loans accounted for 2.8 percent, down 8.6 percentage points year on year; new undiscounted banker’s acceptances accounted for 0.9 percent, down 3.7 percentage points year on year; new enterprise bond financing accounted for 14.2 percent, up 3.2 percentage points year on year; equity financing by domestic non-financial companies via the domestic stock market accounted for 2.4 percent, up 1.2 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.
Note 2: Data in the current period are preliminary.