May 11, 2018 / 9:15 AM / 2 months ago

China outstanding total social financing up 10.5 pct y/y at end-April

BEIJING, May 11 (Reuters) - China’s outstanding total social financing was 181.41 trillion yuan ($28.65 trillion) at the end of April, up 10.5 percent from a year earlier, the central bank said on Friday.

TSF includes off-balance sheet forms of financing that exist outside the conventional bank lending system, such as initial public offerings, loans from trust companies and bond sales.

It is also an indicator of activity in China’s vast shadow banking sector, which authorities are trying to rein in as part of a broader campaign to reduce systemic financial risks. ($1 = 6.3318 Chinese yuan renminbi) (Reporting by Beijing Monitoring Desk; Editing by Kim Coghill)

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