According to statistics from the People's Bank of China, by the end of May 2026, the stock of social financing was 458.81 trillion yuan, a year-on-year increase of 7.7%. Of this, the balance of RMB loans issued to the real economy was 277.4 trillion yuan, up 5.5% year-on-year; The balance of foreign currency loans issued to the real economy was 1.14 trillion yuan, down 4.3% year-on-year; Entrusted loan balance was 11.22 trillion yuan, unchanged year-on-year; trust loan balance was 4.67 trillion yuan, up 7.1%; The balance of undiscounted bank acceptance bills was 2.13 trillion yuan, down 6.2% year-on-year; The balance of corporate bonds was 35.69 trillion yuan, up 8.4% year-on-year; Government bond balance was 100.6 trillion yuan, up 15.1% year-on-year; Non-financial enterprises had a domestic stock balance of 12.43 trillion yuan, up 4.7% year-on-year.

Structurally, at the end of May, the balance of RMB loans issued to the real economy accounted for 60.5% of the stock of social financing during the same period, down 1.2 percentage points year-on-year; foreign currency loans issued to the real economy accounted for 0.2% of the RMB balance, down 0.1 percentage points year-on-year; entrusted loans accounted for 2.4%, down 0.2 percentage points year-on-year; trust loans accounted for 1%, unchanged year-on-year; Non-discounted bank acceptance bills accounted for 0.5% of the balance, unchanged year-on-year; Corporate bonds accounted for 7.8%, up 0.1 percentage points year-on-year; government bonds accounted for 21.9%, up 1.4 percentage points; non-financial enterprises' domestic stock balances accounted for 2.7%, down 0.1 percentage points year-on-year.