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[PBOC: Total Social Financing Stock Up 7.8% Year-on-Year] Preliminary statistics show that as of the end of April 2026, the total social financing stock was RMB 456.89 trillion, up 7.8% year-on-year. Specifically, outstanding RMB loans to the real economy totaled RMB 276.9 trillion, up 5.6% year-on-year; outstanding foreign currency loans to the real economy (converted to RMB) totaled RMB 1.13 trillion, down 3.8% year-on-year; outstanding entrusted loans totaled RMB 11.23 trillion, down 0.1% year-on-year; outstanding trust loans totaled RMB 4.67 trillion, up 7.4% year-on-year; outstanding undiscounted bank acceptance bills totaled RMB 2.2 trillion, down 7.9% year-on-year; outstanding corporate bonds totaled RMB 35.52 trillion, up 8.3% year-on-year; outstanding government bonds totaled RMB 99.37 trillion, up 15.6% year-on-year; and outstanding domestic shares of non-financial enterprises totaled RMB 12.4 trillion, up 4.6% year-on-year. In terms of structure, at the end of April, the outstanding balance of RMB loans to the real economy accounted for 60.6% of the total social financing, down 1.3 percentage points year-on-year; the outstanding balance of foreign currency loans to the real economy (converted to RMB) accounted for 0.2%, down 0.1 percentage points year-on-year; the outstanding balance of entrusted loans accounted for 2.5%, down 0.2 percentage points year-on-year; the outstanding balance of trust loans accounted for 1%, unchanged year-on-year; the outstanding balance of undiscounted bank acceptance bills accounted for 0.5%, down 0.1 percentage points year-on-year; the outstanding balance of corporate bonds accounted for 7.8%, up 0.1 percentage points year-on-year; the outstanding balance of government bonds accounted for 21.7%, up 1.4 percentage points year-on-year; and the outstanding balance of domestic stocks of non-financial enterprises accounted for 2.7%, down 0.1 percentage points year-on-year.