Money
China to release total financing indicator
Updated: 2011-04-14 14:05
By Song Jingli (chinadaily.com.cn)
China's central bank will publicize the financing indicator for the whole society at 3:00 pm April 14.
The total social financing amount will include loans of local and foreign currencies, entrusted loans, trust loans, bank acceptance bills, corporate bonds, non-financial companies' stocks, claims from insurance companies and property investments by insurance companies.
The total social financing amount was a new concept introduced by the People's Bank of China (PBOC), the central bank, on Feb 17. It was designed to improve statistical tracking of the nation's money supply.
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