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China August total social financing rises to 1.48 trln yuan
September 15, 2017 / 8:10 AM / in 3 months

China August total social financing rises to 1.48 trln yuan

BEIJING, Sept 15 (Reuters) - Total social financing (TSF), a broad measure of credit and liquidity in the economy, rose to 1.48 trillion yuan ($226.02 billion) in August from 1.22 trillion yuan in July, data from the central bank showed 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 can also hints at trends in China’s vast shadow banking sector. ($1 = 6.5480 Chinese yuan) (Reporting by Beijing Monitoring Desk; Editing by Jacqueline Wong)

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