BEIJING Jan 12 China's total social financing
(TSF), a broad measure of credit and liquidity in the economy,
fell slightly to 1.63 trillion yuan ($236.37 billion) in
December from 1.74 trillion yuan in November, data from the
central bank showed on Thursday.
TSF includes off-balance sheet forms of financing that exist
outside the conventional bank lending system, such as initial
public offers, loans from trust companies and bond sales. It can
also hint at trends in the vast shadow banking sector.
($1 = 6.8960 Chinese yuan renminbi)
(Reporting by Beijing Monitoring Desk and Sue-Lin Wong; Editing
by Kim Coghill)