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BEIJING, April 10 (Reuters) – China’s total social financing (TSF) rose to a record 5.15 trillion yuan ($732 billion) in March, compared with 855 billion yuan in February, the central bank told a briefing on Friday.
Analysts polled by Reuters had expected 2.8 trillion yuan.
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.
Outstanding TSF was 262.24 trillion yuan ($37.3 trillion) at the end of March, up 11.5% from a year earlier. (Reporting by Judy Hua and Kevin Yao; Writing by Yawen Chen; Editing by Kim Coghill)
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