Growth financing sees boost this month
China's financial support of the economy experienced an overall rebound in September, indicated by the boost of yuan-denominated bank loans and bond issuance, according to the central bank.
Yuan-denominated loans increased to 1.69 trillion yuan ($238.98 billion) last month, up from 1.21 trillion yuan in August, faster than the market's expectation according to data released by the People's Bank of China on Tuesday.
Total social financing, a gauge measuring all capital received by the real economy from the financial sector, boosted by 10.8 percent year-on-year to 219.04 trillion yuan by the end of September. The rate was up from 10.7 percent a month earlier, the PBOC reported.
The broad money supply, or M2, increased 8.4 percent from a year earlier by the end of last month, compared with 8.2 percent by August, it said.
