Closer Look: Gov’t May Struggle to Keep Lid on Total Social Financing
The central government has said it would keep the growth of bank loans and total social financing steady this year. But its control over total financing has weakened because the share of bank loans in Total Social Financing (TSF) has declined.
That means it would be very difficult to keep the growth of the money supply at a modest level.
TSF is a term coined by the central bank to monitor aggregate financing apart from yuan bank loans. It contains six other categories: foreign-currency loans, entrusted loans, trust loans, bankers' acceptance bills, corporate bonds and non-financial stock sales.
- In Friday's Papers: OTC Board Expansion Expected This Month; Founder of Fast-food Giant Sentenced to Jail
- Anbang Raises Stake in Merchants Bank
- The Surplus Dispute Has Come to Europe
- N. Korean Leader's Uncle Executed
- In Need of an Elder Care Revamp
- How Li Qiang Cheers Zhejiang’s Private Spirit
- Shanghai 1937: Stalingrad on the Yangtze
- Poseidon: China's Secret Salvage of Britain's Lost Submarine
- In Thursday's Papers: Chinalco's Copper Mine in Peru Opens, Tariffs for Hundreds of Imports to Be Cut
- Fishmonger Fracas
- Sign up to receive our free daily newsletter
- Yi Gang: China's Forward-Thinking Forex Chief
- Coal Industry Finds Itself at a Crossroads
- Evergrande Partners with Harvard to Build Hospital in China
- Sina Corp., Investment Fund Management Firms Mull Net Sales
- Ruins of Urbanization
- In Friday's Papers: China, U.S. to Enhance Cooperation on Shale Gas; Wang Qishan 'May Only Serve Five Years'
- PBOC Said to Be Talking to Major Banks about Deposit Insurance
- Yi Gang: China's Man for Market Logic
- Industry Waits to See Whether China Mobile and Apple Will Finally Make a Deal
- Closer Look: Recent Scandals Have Thrown PR Industry into Turmoil