Analysis: China's social financing stable despite new yuan lending drops (2)

Lian Ping, chief economist for the Shanghai-based Bank of Communications, said China's social financing performance can still be considered satisfactory, as the gross social financing volume in the first ten months of the year increased by 2.42 trillion yuan year on year to hit 13.02 trillion yuan.

Lian said social financing could exceed 15 trillion yuan this year, much more than the 12.83 trillion yuan recorded in 2011.

Experts believe China is optimizing its financing structure by lowering new yuan-denominated lending while weighing trust loans and corporate bond financing.

In October, trust loans amounted to 144.5 billion yuan, an increase of 135.5 billion yuan over the same period last year. Meanwhile, corporate bond financing hit 299.2 billion yuan, up 135.3 billion yuan year on year.

In the first ten months, gross corporate bond financing reached 1.86 trillion yuan, higher than 1.37 trillion yuan for the entirety of last year.

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