China’s outstanding total social finance (TSF), a broad gauge of credit and liquidity in the economy, increased 11% to 301.56 trillion yuan (US$46.49 trillion) at the end of June from a year earlier, according to the central bank. TSF increased to 3.67 trillion yuan in June from 1.92 trillion yuan in May. TSF was predicted to climb to 2.87 trillion yuan in May, according to analysts polled by Reuters.
TSF refers to off-balance-sheet financing that occurs outside of the traditional banking system, such as initial public offerings, trust company loans, and bond sales.
(US$1 = 6.4860 Chinese yuan renminbi renminbi renminbi renminbi renminbi renminbi ren
(Stella Qiu, Judy Hua, and Kevin Yao contributed reporting; Gareth Jones edited the piece.)
Reuters is the source of this information./n
