BEIJING, May 9 (Reuters) - China’s outstanding total social financing (TSF) was at 209.68 trillion yuan ($30.87 trillion) at the end of April, up 10.4 percent from a year earlier, the central bank said on Thursday.
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.
In April, TSF fell more than expected to 1.36 trillion yuan from 2.86 trillion yuan in March. Analysts polled by Reuters had expected April TSF of 1.7 trillion yuan. ($1 = 6.7929 Chinese yuan renminbi) (Reporting by Ryan Woo)