PBOC: At end-Q3, RMB outstanding loans of financial institutions stood at RMB283.44 trillion, up 4.8% year on year.

The People's Bank of China (PBOC) statistics show that at end-Q3 2026, the outstanding balance of RMB loans of financial institutions stood at RMB283.44 trillion, up 4.8% year on year. In the first three quarters, RMB loans increased by RMB11.52 trillion. I. Loans to enterprises and public institutions grew steadily At end-Q3 2026, the outstanding balance of domestic and foreign currency loans to enterprises and public institutions was RMB198.95 trillion, up 8.0% year on year, 3.3 percentage points higher than the growth rate of all loans, with an increase of RMB12.74 trillion in the first three quarters. By term, the outstanding balance of short-term loans and bill financing was RMB70.19 trillion, up 11.8% year on year, with an increase of RMB6.04 trillion in the first three quarters. The outstanding balance of medium- and long-term loans was RMB124.93 trillion, up 6.0% year on year, with an increase of RMB6.53 trillion in the first three quarters. By purpose, the outstanding balance of fixed asset loans was RMB79.40 trillion, up 2.4% year on year, with an increase of RMB2.12 trillion in the first three quarters. The outstanding balance of operating loans was RMB84.07 trillion, up 11.2% year on year, with an increase of RMB7.96 trillion in the first three quarters. II. Medium- and long-term industrial loans grew steadily overall At end-Q3 2026, the outstanding balance of domestic and foreign currency medium- and long-term industrial loans was RMB28.06 trillion, up 5.6% year on year, 0.9 percentage points higher than the growth rate of all loans, with an increase of RMB1.46 trillion in the first three quarters. Among these, the outstanding balance of medium- and long-term loans to heavy industry was RMB23.63 trillion, up 4.6% year on year; the outstanding balance of medium- and long-term loans to light industry was RMB4.43 trillion, up 11.0% year on year. At end-Q3 2026, the outstanding balance of domestic and foreign currency medium- and long-term loans to the services sector was RMB76.84 trillion, up 6.2% year on year, 1.5 percentage points higher than the growth rate of all loans, with an increase of RMB3.95 trillion in the first three quarters. The outstanding balance of medium- and long-term loans to the services sector excluding real estate grew 9.2% year on year; the outstanding balance of medium- and long-term loans to real estate declined 5.6% year on year. At end-Q3 2026, the outstanding balance of domestic and foreign currency medium- and long-term loans to infrastructure-related industries was RMB45.36 trillion, up 4.3% year on year, with an increase of RMB1.69 trillion in the first three quarters. III. Inclusive small and micro loans continued to grow At end-Q3 2026, the outstanding balance of RMB inclusive small and micro loans was RMB38.50 trillion, up 6.7% year on year, 1.9 percentage points higher than the growth rate of all loans, with an increase of RMB1.93 trillion in the first three quarters. The outstanding balance of operating loans to rural households with a single-household credit line of less than RMB5 million was RMB10.17 trillion, with an increase of RMB360.5 billion in the first three quarters. The outstanding balance of student loans was RMB440.4 billion, up 49.6% year on year. IV. Green loans grew steadily At end-Q3 2026, the outstanding balance of domestic and foreign currency green loans was RMB49.22 trillion, up 13.0% year on year, with an increase of RMB4.41 trillion in the first three quarters. By purpose, the outstanding balances of loans for green upgrading of infrastructure, loans for green and low-carbon energy transition, and loans for ecological protection, restoration and utilization were RMB22.12 trillion, RMB8.73 trillion and RMB5.43 trillion, respectively. By industry, the outstanding balance of green loans to transportation, warehousing and postal services was RMB9.33 trillion, with an increase of RMB1.02 trillion in the first three quarters; the outstanding balance of green loans to the production and supply of electricity, heat, gas and water was RMB9.17 trillion, with an increase of RMB221.9 billion in the first three quarters. V. Agriculture-related loans grew steadily At end-Q3 2026, the outstanding balance of domestic and foreign currency agriculture-related loans was RMB54.29 trillion, up 5.6% year on year, 0.9 percentage points higher than the growth rate of all loans, with an increase of RMB2.78 trillion in the first three quarters. At end-Q3 2026, the outstanding balance of rural loans was RMB41.04 trillion, up 5.4% year on year, with an increase of RMB2.12 trillion in the first three quarters; the outstanding balance of loans to rural households was RMB18.70 trillion, up 0.8% year on year, with an increase of RMB296.5 billion in the first three quarters; the outstanding balance of agricultural loans was RMB7.58 trillion, up 9.0% year on year, with an increase of RMB692.5 billion in the first three quarters. VI. Real estate loans slowed At end-Q3 2026, the outstanding balance of RMB real estate loans was RMB50.08 trillion, down 5.2% year on year, with a decrease of RMB1.90 trillion in the first three quarters. At end-Q3 2026, the outstanding balance of real estate development loans was RMB12.37 trillion, down 9.1% year on year, with a decrease of RMB817.9 billion in the first three quarters. The outstanding balance of personal housing loans was RMB35.91 trillion, down 4.1% year on year, with a decrease of RMB1.10 trillion in the first three quarters. VII. Loan support for sci-tech innovation enterprises remained stable At end-Q3 2026, 307,300 sci-tech small and medium-sized enterprises had obtained loan support, with a loan acquisition rate of 51.1%, 0.9 percentage points higher than at the end of the previous year. The outstanding balance of domestic and foreign currency loans to sci-tech small and medium-sized enterprises was RMB4.27 trillion, up 20.1% year on year, 15.4 percentage points higher than the growth rate of all loans. At end-Q3 2026, 292,700 high-tech enterprises had obtained loan support, with a loan acquisition rate of 58.2%, 0.9 percentage points higher than at the end of the previous year. The outstanding balance of domestic and foreign currency loans to high-tech enterprises was RMB22.09 trillion, up 17.2% year on year, 12.5 percentage points higher than the growth rate of all loans. VIII. Household operating loans increased slightly year on year At end-Q3 2026, the outstanding balance of domestic and foreign currency household loans was RMB82.25 trillion, down 2.0% year on year, with a decrease of RMB1.03 trillion in the first three quarters. Among these, the outstanding balance of operating loans was RMB25.64 trillion, up 1.7% year on year, with an increase of RMB538.3 billion in the first three quarters. The outstanding balance of consumer loans excluding personal housing loans was RMB20.69 trillion, down 2.8% year on year, with a decrease of RMB473.6 billion in the first three quarters. This article was compiled from the PBOC and edited by Li Fo for GMTEight.