The Central Bank of the Republic of China published its 2025 Financial Statistics Report with preliminary year-end readings on social financing, money and credit, interbank market conditions, foreign exchange reserves and cross-border renminbi settlement. The stock of social financing scale reached CNY 442.12 trillion at end-2025, up 8.3% year on year, while broad money (M2) rose 8.5% to CNY 340.29 trillion. The report put the cumulative increase in social financing in 2025 at CNY 35.6 trillion, CNY 3.34 trillion more than the prior year, with RMB loans to the real economy contributing CNY 15.91 trillion and government bond net financing CNY 13.84 trillion. Within the end-2025 social financing stock, RMB loans to the real economy totalled CNY 268.4 trillion (up 6.3%) and accounted for 60.7% of the total, while government bonds stood at CNY 94.92 trillion (up 17.1%) and corporate bonds at CNY 34.24 trillion (up 6.0%). Total RMB deposits increased by CNY 26.41 trillion over the year and RMB loans by CNY 16.27 trillion, with enterprise loans rising CNY 15.47 trillion and household loans CNY 441.7 billion. In December, the weighted average interbank RMB lending rate was 1.36% and the pledged bond repo rate 1.4%, and end-December foreign exchange reserves were USD 3.36 trillion with the RMB exchange rate at CNY 7.0288 per USD; 2025 cross-border RMB settlement totalled CNY 17.86 trillion under the current account and CNY 8.46 trillion under direct investment. The central bank noted the data are preliminary, defined the social financing stock as the outstanding funds obtained by the real economy from the financial system, and highlighted statistical changes including the revised narrow money (M1) definition applied from January 2025 and adjustments since January 2023 to include certain non-depository financial institutions within banking statistics.

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