On October 29, the Shanghai headquarters of the People's Bank of China held a press conference for the fourth quarter of 2026 and a special press conference on the “Five Major Articles” of Shanghai Finance. According to reports, in the first three quarters, the scale of social financing in Shanghai increased by 969.3 billion yuan. Looking at the structure, RMB loans issued by the city to the real economy increased by 445.8 billion yuan. 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. Among them, corporate bond financing increased by 266.1 billion yuan, an increase of 1201 billion yuan; local government bond financing increased by 58.6 billion yuan, a year-on-year decrease of 53.6 billion yuan; and stock financing increased by 35.8 billion yuan, an increase of 10.4 billion yuan over the previous year. Off-balance financing such as entrustment loans, trust loans, and undiscounted bank acceptance notes increased by 49.4 billion yuan, a year-on-year decrease of 108.8 billion yuan.

On October 29, the Shanghai headquarters of the People's Bank of China held a press conference for the fourth quarter of 2026 and a special press conference on the “Five Major Articles” of Shanghai Finance. According to reports, in the first three quarters, the scale of social financing in Shanghai increased by 969.3 billion yuan. Looking at the structure, RMB loans issued by the city to the real economy increased by 445.8 billion yuan. 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. Among them, corporate bond financing increased by 266.1 billion yuan, an increase of 1201 billion yuan; local government bond financing increased by 58.6 billion yuan, a year-on-year decrease of 53.6 billion yuan; and stock financing increased by 35.8 billion yuan, an increase of 10.4 billion yuan over the previous year. Off-balance financing such as entrustment loans, trust loans, and undiscounted bank acceptance notes increased by 49.4 billion yuan, a year-on-year decrease of 108.8 billion yuan.