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On October 29, the Shanghai headquarters of the central bank held a press conference for the fourth quarter of 2026. In the first three quarters of this year, social finance in Shanghai increased by 969.3 billion yuan, of which RMB loans to the real economy increased by 445.8 billion yuan, and direct financing increased by 36.5 billion yuan, accounting for 37.2% of the increase in social finance, an increase of 10.1 percentage points over the previous year. At the end of September, the balance of local and foreign currency loans was 13.66 trillion yuan, up 5.9% year on year; deposit balance was 25.92 trillion yuan, up 8.7% year on year. The weighted average interest rate for newly issued corporate loans in September was 2.55%, down 17 basis points from the previous year. The weighted average interest rate for small and micro enterprise loans was 2.75%, a decrease of 25 basis points. The central bank's Shanghai headquarters said that in the next stage, it will continue to implement total and structural monetary policy tools in line with Shanghai's economic and social development priorities during the “15th Five-Year Plan” period, and do a good job in the “five major articles” of finance.

Zhitongcaijing·10/29/2026 09:01:05
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On October 29, the Shanghai headquarters of the central bank held a press conference for the fourth quarter of 2026. In the first three quarters of this year, social finance in Shanghai increased by 969.3 billion yuan, of which RMB loans to the real economy increased by 445.8 billion yuan, and direct financing increased by 36.5 billion yuan, accounting for 37.2% of the increase in social finance, an increase of 10.1 percentage points over the previous year. At the end of September, the balance of local and foreign currency loans was 13.66 trillion yuan, up 5.9% year on year; deposit balance was 25.92 trillion yuan, up 8.7% year on year. The weighted average interest rate for newly issued corporate loans in September was 2.55%, down 17 basis points from the previous year. The weighted average interest rate for small and micro enterprise loans was 2.75%, a decrease of 25 basis points. The central bank's Shanghai headquarters said that in the next stage, it will continue to implement total and structural monetary policy tools in line with Shanghai's economic and social development priorities during the “15th Five-Year Plan” period, and do a good job in the “five major articles” of finance.