社会融资规模存量统计表
Aggregate Financing to the Real Economy (Stock)
单位：万亿元人民币
Unit: Trillion Yuan
	2019.1		2019.2		2019.3		2019.4		2019.5		2019.6		2019.7		2019.8		2019.9		2019.10		2019.11		2019.12
项目  Items	存量	增速（%）	存量	增速（%）	存量	增速（%）	存量	增速（%）	存量	增速（%）	存量	增速（%）	存量	增速（%）	存量	增速（%）	存量	增速（%）	存量	增速（%）	存量	增速（%）	存量	增速（%）
	Stock	Growth Rate(%)	Stock	Growth Rate(%)	Stock	Growth Rate(%)	Stock	Growth Rate(%)	Stock	Growth Rate(%)	Stock	Growth Rate(%)	Stock	Growth Rate(%)	Stock	Growth Rate(%)	Stock	Growth Rate(%)	Stock	Growth Rate(%)	Stock	Growth Rate(%)	Stock	Growth Rate(%)
社会融资规模存量	231.55	10.9	232.41	10.6	235.24	11.2	236.81	10.8	238.50	11.0	241.05	11.2	242.19	10.8	244.31	10.7	246.68	10.7	247.42	10.6	249.27	10.7	251.41	10.7
AFRE(stock)
人民币贷款	138.26	13.6	139.02	13.3	140.98	13.8	141.85	13.5	143.04	13.4	144.71	13.2	145.52	12.7	146.82	12.6	148.58	12.7	149.13	12.5	150.50	12.5	151.57	12.5
RMB loans
外币贷款（折合人民币）	2.18	-11.1	2.17	-12.0	2.18	-11.3	2.15	-13.3	2.22	-10.6	2.21	-12.4	2.19	-13.0	2.23	-10.3	2.19	-10.6	2.18	-9.0	2.15	-6.9	2.11	-4.6
Foreign currency-denominated loans (RMB equivalent)
委托贷款	12.31	-11.6	12.26	-11.4	12.15	-11.0	12.03	-10.9	11.97	-10.4	11.89	-9.9	11.79	-10.0	11.74	-9.5	11.73	-8.5	11.67	-8.4	11.57	-8.2	11.44	-7.6
Entrusted loans
信托贷款	7.83	-8.2	7.82	-8.9	7.88	-7.9	7.89	-7.7	7.88	-6.7	7.88	-4.9	7.82	-4.3	7.75	-4.3	7.68	-4.1	7.62	-3.4	7.55	-3.7	7.45	-4.4
Trust loans
未贴现银行承兑汇票	4.18	-8.7	3.87	-15.7	4.01	-12.1	3.97	-15.6	3.90	-14.0	3.77	-9.6	3.31	-15.0	3.33	-12.8	3.28	-12.7	3.18	-14.5	3.23	-12.7	3.33	-12.5
Undiscounted bankers' acceptances
企业债券	21.16	11.5	21.19	11.2	21.47	10.9	21.83	11.0	21.91	11.6	22.06	12.1	22.28	12.8	22.54	12.6	22.71	14.1	22.87	14.5	23.14	13.8	23.56	13.8
Net financing of corporate bonds
政府债券	33.18	17.8	33.61	19.3	33.95	19.7	34.40	19.1	34.78	19.3	35.47	19.0	36.11	18.0	36.62	16.3	36.99	14.2	37.18	13.8	37.35	14.4	37.73	14.3
Government bonds
非金融企业境内股票	7.04	5.1	7.05	4.7	7.06	4.2	7.09	3.8	7.11	3.5	7.13	3.3	7.19	3.9	7.21	4.1	7.24	4.1	7.26	4.1	7.31	4.5	7.36	5.0
Equity financing on the domestic stock market by non-financial enterprises
存款类金融机构资产支持证券	1.23	83.5	1.23	87.4	1.26	80.7	1.28	64.8	1.32	61.9	1.38	63.8	1.41	64.8	1.44	58.7	1.46	47.2	1.53	50.7	1.60	41.4	1.68	31.5
Asset-backed securities of depository financial institutions
贷款核销	3.04	49.8	3.06	48.8	3.18	46.0	3.21	45.7	3.25	44.4	3.43	41.5	3.45	41.5	3.49	40.7	3.66	38.5	3.70	37.8	3.76	36.5	4.07	35.1
Loans written off
注：1.社会融资规模存量是指一定时期末（月末、季末或年末）实体经济从金融体系获得的资金余额。 数据来源于中国人民银行、中国银行保险监督管理委员会、中国证券监督管理委员会、中央国债登记结算有限责任公司和银行间市场交易商协会等部门。
AFRE(stock) refers to the outstanding of financing provided by the financial system to the real economy at the end of a period(monthly/quarterly/annual). In the calculation of AFRE, data are from the PBC, CBIRC,CSRC,CCDC and NAFMII.
2.2019年12月起，人民银行进一步完善社会融资规模统计，将“国债”和“地方政府一般债券”纳入社会融资规模统计，与原有“地方政府专项债券”合并为“政府债券”指标。指标数值为托管机构的托管面值。历史数据追溯到2017年1月份（详细数据见表1和表2）。
Since December 2019,the People’s Bank of China made further efforts to improve the statistical method of AFRE. "Treasury Bonds" and "Local Government General Bonds" were newly introduced into AFRE and merged with  "Local Government Special Bonds" into "Government Bonds " ,which is recorded at face value at depositories. The historical data were traced back to January 2017  (see Chart 1 and  Chart 2 for detailed data).
3.2019年9月起，人民银行完善“社会融资规模”中的“企业债券”统计，将“交易所企业资产支持证券”纳入“企业债券”指标。
Since September 2019, the People’s Bank of China improved the statistics of "Net Financing of Corporate Bonds" in AFRE, and incorporated "Asset-backed Securities of Non-Financial Enterprises" into "Net Financing of Corporate Bonds".
4.2018年9月起，人民银行将“地方政府专项债券”纳入社会融资规模统计。
Since September 2018, the People’s Bank of China incorporated "Local Government Special Bonds" into AFRE.
5.2018年7月起,人民银行完善社会融资规模统计方法，将“存款类金融机构资产支持证券”和“贷款核销”纳入社会融资规模统计，在“其他融资”项下单独列示。
Since July 2018, the People’s Bank of China improved the statistical method of AFRE, and incorporated "Asset-backed Securities of Depository Financial Institutions" and "Loans Written off" into AFRE, which is reflected as a sub-item of "Other Financing".
	表1：2017年以来各月完善后的社会融资规模存量数据
	Chart1： the Adjusted Scale of AFRE (Stock) for Months since 2017
	单位：亿元人民币
	Unit: 100 million Yuan
	月份	社会融资规模存量余额	其中 of which
	Month	AFRE(stock)	人民币贷款	外币贷款（折合人民币）	委托贷款	信托贷款	未贴现银行承兑汇票	企业债券	政府债券	非金融企业股票融资	存款类金融机构资产支持证券	贷款核销
			RMB loans	Foreign currency-denominated loans (RMB equivalent)	Entrusted loans	Trust loans	Undiscounted bankers'acceptances	Net financing of corporate bonds	Government bonds	Equity financing on the domestic stock market by non-financial enterprises	Asset-backed securities of depository financial institutions	Loans written off
	2017.01	1841433	1074993	26129	135097	65258	45152	181225	226400	58948	4749	12615
	2017.02	1852475	1085311	26560	136278	66320	43434	180571	226209	59518	4739	12764
	2017.03	1877880	1096897	26942	138321	69432	45824	181096	229439	60318	4903	13610
	2017.04	1897139	1107702	26635	138273	70905	46168	181782	235378	61087	4398	13820
	2017.05	1914567	1119483	26420	137999	72718	44923	179597	241883	61545	4692	14097
	2017.06	1939696	1133957	26150	137973	75198	44694	179676	248454	62032	4805	15406
	2017.07	1959819	1143109	25760	138160	76430	42657	181938	257926	62568	4300	15611
	2017.08	1979443	1154575	24944	138090	77623	42899	183637	262346	63221	4746	15861
	2017.09	2004371	1166460	24845	138873	79991	43683	185209	267832	63740	5070	17137
	2017.10	2019560	1173095	24812	138981	81010	43695	186615	272800	64341	5131	17408
	2017.11	2041924	1184523	24873	139287	82444	43710	187739	278779	65664	5379	17889
	2017.12	2059098	1190293	24780	139948	84689	44386	188467	281538	66481	6855	19948
	2018.01	2088804	1217010	24566	139182	85233	45837	189838	281544	66981	6718	20268
	2018.02	2100490	1227210	24635	138432	85893	45942	190663	281719	67360	6572	20528
	2018.03	2116188	1238634	24613	136582	85536	45620	193586	283535	67764	6959	21763
	2018.04	2137184	1249622	24787	135101	85442	47073	196692	288838	68297	7780	22022
	2018.05	2148127	1261018	24852	133531	84538	45333	196313	291566	68735	8157	22500
	2018.06	2167829	1277805	25262	131888	82915	41683	196797	298075	68993	8429	24238
	2018.07	2184906	1290666	25239	130938	81723	38940	197531	306073	69168	8551	24414
	2018.08	2207398	1303806	24926	129731	81035	38161	200094	314725	69309	9053	24791
	2018.09	2229029	1318147	24452	128299	80156	37613	199132	323833	69581	9948	26406
	2018.10	2237470	1325288	23951	127350	78883	37160	199737	326865	69756	10135	26852
	2018.11	2252389	1337591	23065	126040	78416	37033	203301	326618	69956	11292	27581
	2018.12	2270356	1346872	22124	123830	77920	38056	207017	330069	70087	12795	30102
	2019.01	2315476	1382553	21833	123094	78265	41843	211644	331769	70376	12329	30351
	2019.02	2324102	1390194	21688	122586	78228	38739	211938	336116	70495	12315	30552
	2019.03	2352400	1409778	21831	121515	78756	40105	214667	339528	70617	12576	31779
	2019.04	2368118	1418511	21484	120319	78885	39748	218306	343961	70879	12819	32095
	2019.05	2384958	1430367	22221	119688	78833	38979	219142	347817	71138	13202	32487
	2019.06	2410483	1447104	22138	118861	78848	37668	220553	354685	71292	13809	34293
	2019.07	2421940	1455190	21947	117874	78172	33106	222767	361112	71884	14095	34537
	2019.08	2443064	1468235	22347	117361	77514	33263	225377	366171	72140	14364	34888
	2019.09	2466786	1485847	21860	117339	76842	32832	227145	369948	72430	14648	36581
	2019.10	2474237	1491317	21790	116672	76218	31778	228681	371819	72609	15271	36997
	2019.11	2492701	1504950	21468	115713	75545	32348	231415	373535	73133	15964	37636
	2019.12	2514071	1515720	21100	114398	74453	33299	235622	377273	73565	16829	40654
	表2：2017年以来各月完善后的社会融资规模增速数据
	Chart2： the Adjusted  Growth Rate of AFRE (Stock) for Months since 2017
	单位：%
	Unit: %
	月份	社会融资规模存量余额	其中 of which
	Month	AFRE(stock)	人民币贷款	外币贷款（折合人民币）	委托贷款	信托贷款	未贴现银行承兑汇票	企业债券	政府债券	非金融企业股票融资	存款类金融机构资产支持证券	贷款核销
			RMB loans	Foreign currency-denominated loans (RMB equivalent)	Entrusted loans	Trust loans	Undiscounted bankers'acceptances	Net financing of corporate bonds	Government bonds	Equity financing on the domestic stock market by non-financial enterprises	Asset-backed securities of depository financial institutions	Loans written off
	2017.01	16.4	12.8	-9.0	20.3	19.7	-24.6	19.9	45.9	26.2	5.5	125.3
	2017.02	16.4	12.9	-5.5	19.6	20.9	-22.7	17.1	45.7	25.2	4.8	124.2
	2017.03	15.7	12.6	-2.9	19.7	24.9	-18.7	12.7	40.6	25.4	5.5	110.2
	2017.04	15.5	13.1	-1.5	17.9	26.9	-13.8	10.7	34.7	24.6	10.5	107.4
	2017.05	15.5	13.2	-2.2	16.1	29.8	-7.4	9.2	32.9	22.8	17.9	102.8
	2017.06	14.9	13.1	-3.0	14.4	32.3	-2.3	7.7	27.9	21.0	16.8	85.0
	2017.07	15.5	13.5	-3.3	12.9	33.5	4.9	8.1	29.6	19.3	23.0	84.0
	2017.08	15.1	13.8	-7.2	11.5	34.3	6.5	6.8	26.4	18.1	32.1	81.6
	2017.09	14.9	13.5	-5.7	10.8	35.9	14.8	5.6	25.3	16.1	27.1	74.1
	2017.10	15.0	13.5	-5.8	10.2	36.4	20.6	5.1	25.4	14.8	42.9	74.1
	2017.11	14.5	13.7	-6.2	8.7	35.1	16.8	2.8	24.5	15.4	38.2	70.3
	2017.12	14.1	13.2	-5.8	5.9	35.9	13.7	3.9	24.7	15.2	40.5	61.4
	2018.01	13.4	13.2	-6.0	3.0	30.6	1.5	4.8	24.4	13.6	41.5	60.7
	2018.02	13.4	13.1	-7.2	1.6	29.5	5.8	5.6	24.5	13.2	38.7	60.8
	2018.03	12.7	12.9	-8.6	-1.3	23.2	-0.4	6.9	23.6	12.3	41.9	59.9
	2018.04	12.7	12.8	-6.9	-2.3	20.5	2.0	8.2	22.7	11.8	76.9	59.3
	2018.05	12.2	12.6	-5.9	-3.2	16.3	0.9	9.3	20.5	11.7	73.8	59.6
	2018.06	11.8	12.7	-3.4	-4.4	10.3	-6.7	9.5	20.0	11.2	75.4	57.3
	2018.07	11.5	12.9	-2.0	-5.2	6.9	-8.7	8.6	18.7	10.5	98.9	56.4
	2018.08	11.5	12.9	-0.1	-6.1	4.4	-11.0	9.0	20.0	9.6	90.7	56.3
	2018.09	11.2	13.0	-1.6	-7.6	0.2	-13.9	7.5	20.9	9.2	96.2	54.1
	2018.10	10.8	13.0	-3.5	-8.4	-2.6	-15.0	7.0	19.8	8.4	97.5	54.2
	2018.11	10.3	12.9	-7.3	-9.5	-4.9	-15.3	8.3	17.2	6.5	109.9	54.2
	2018.12	10.3	13.2	-10.7	-11.5	-8.0	-14.3	9.8	17.2	5.4	86.7	50.9
	2019.01	10.9	13.6	-11.1	-11.6	-8.2	-8.7	11.5	17.8	5.1	83.5	49.8
	2019.02	10.6	13.3	-12.0	-11.4	-8.9	-15.7	11.2	19.3	4.7	87.4	48.8
	2019.03	11.2	13.8	-11.3	-11.0	-7.9	-12.1	10.9	19.7	4.2	80.7	46.0
	2019.04	10.8	13.5	-13.3	-10.9	-7.7	-15.6	11.0	19.1	3.8	64.8	45.7
	2019.05	11.0	13.4	-10.6	-10.4	-6.7	-14.0	11.6	19.3	3.5	61.9	44.4
	2019.06	11.2	13.2	-12.4	-9.9	-4.9	-9.6	12.1	19.0	3.3	63.8	41.5
	2019.07	10.8	12.7	-13.0	-10.0	-4.3	-15.0	12.8	18.0	3.9	64.8	41.5
	2019.08	10.7	12.6	-10.3	-9.5	-4.3	-12.8	12.6	16.3	4.1	58.7	40.7
	2019.09	10.7	12.7	-10.6	-8.5	-4.1	-12.7	14.1	14.2	4.1	47.2	38.5
	2019.10	10.6	12.5	-9.0	-8.4	-3.4	-14.5	14.5	13.8	4.1	50.7	37.8
	2019.11	10.7	12.5	-6.9	-8.2	-3.7	-12.7	13.8	14.4	4.5	41.4	36.5
	2019.12	10.7	12.5	-4.6	-7.6	-4.4	-12.5	13.8	14.3	5.0	31.5	35.1