June 12, 2018 / 9:13 AM / a year ago

China outstanding total social financing up 10.3 pct y/y at end-May

BEIJING, June 12 (Reuters) - China’s outstanding total social financing was 182.14 trillion yuan ($28.44 trillion) at the end of May, up 10.3 percent from a year earlier, the central bank said on Tuesday.

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 contain and reduce systemic financial risks.

$1 = 6.4038 Chinese yuan Reporting by Beijing Monitoring Desk; Editing by Richard Borsuk

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