Logo 15 Nov 2025

Credit growth slows further in October

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Credit growth slowed for the third consecutive month in October.
Per central bank (PBoC) data released Thursday, outstanding total social financing (TSF) expanded 8.5% y/y – down from 8.7% growth in September.

Outstanding RMB loans rose just 6.5% y/y – down from 6.6% in September and the ...