China's total social financing (TSF), a broad measure of credit and liquidity in the economy including the shadow banking, hit a record high of 4.64 trillion yuan in January, said the People's Bank of China on Friday.
That's far more than 3.3 trillion yuan increase expected by analysts polled by Reuters and sharply higher than 1.59 trillion yuan in December.
TSF includes off-balance sheet forms of financing outside the conventional bank lending system, such as initial public offerings, loans from trust companies and bond sales.
Chinese banks extended 3.23 trillion yuan new . . .
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