PBOC preliminary data: cumulative new social financing in Jan-May 2026 was 17.48 tln yuan, down 1.16 tln yuan YoY. RMB loans to the real economy increased 9.00 tln yuan, down 1.38 tln YoY. Foreign-currency loans to the real economy (converted) rose 115.3 bln yuan, up 211.6 bln YoY. Corporate bond net financing 1.67 tln yuan, up 757.7 bln YoY. Government bond net financing 5.67 tln yuan, down 634.0 bln YoY. Non-financial corporates’ domestic equity financing 230.5 bln yuan, up 79.9 bln YoY. Entru

PBOC preliminary data: cumulative new social financing in Jan-May 2026 was 17.48 tln yuan, down 1.16 tln yuan YoY. RMB loans to the real economy increased 9.00 tln yuan, down 1.38 tln YoY. Foreign-currency loans to the real economy (converted) rose 115.3 bln yuan, up 211.6 bln YoY. Corporate bond net financing 1.67 tln yuan, up 757.7 bln YoY. Government bond net financing 5.67 tln yuan, down 634.0 bln YoY. Non-financial corporates’ domestic equity financing 230.5 bln yuan, up 79.9 bln YoY. Entrusted loans fell 103.1 bln yuan, a further decline of 91.8 bln YoY. Trust loans rose 5.7 bln yuan, an increase 57.0 bln smaller YoY. Undiscounted bank acceptance bills fell 17.2 bln yuan, a further decline of 151.4 bln YoY.