PBoC July Data: RMB Loan Balance Up 5.1% to RMB282.29 Trillion; Household Loans Down RMB827.1 Billion
The People's Bank of China reported July financial data showing RMB loan balances reached RMB282.29 trillion at end-July, up 5.1% year on year. In the first seven months, RMB loans increased by RMB10.38 trillion, with household loans falling RMB827.1 billion and enterprise loans rising RMB11 trillion. RMB deposits grew 8.1% to RMB346.47 trillion, while foreign currency deposits rose 17.9% to US$1.18 trillion. Foreign currency loans edged up 0.2% to US$556.9 billion.
The People's Bank of China released its financial statistics report for July 2026. At end-July, domestic and foreign currency deposits stood at RMB354.49 trillion, up 8.1% year on year. RMB deposits at end-July reached RMB346.47 trillion, up 8.1% year on year. In the first seven months, RMB deposits increased by RMB17.79 trillion, of which household deposits rose RMB6.95 trillion, non-financial enterprise deposits rose RMB1.57 trillion, fiscal deposits rose RMB1.95 trillion, and deposits at non-banking financial institutions rose RMB5.76 trillion. At end-July, foreign currency deposits stood at US$1.18 trillion, up 17.9% year on year, with an increase of US$121.2 billion in the first seven months.
On the lending side, domestic and foreign currency loans stood at RMB286.07 trillion at end-July, up 5% year on year. RMB loans at end-July reached RMB282.29 trillion, up 5.1% year on year. In the first seven months, RMB loans increased by RMB10.38 trillion. By sector, household loans decreased by RMB827.1 billion, of which short-term loans fell RMB928.1 billion and medium- and long-term loans rose RMB101 billion. Loans to enterprises and institutions increased by RMB11 trillion, comprising a RMB4.34 trillion rise in short-term loans, a RMB5.32 trillion rise in medium- and long-term loans, and a RMB1.19 trillion rise in bill financing. Loans to non-banking financial institutions decreased by RMB394.4 billion. At end-July, foreign currency loans stood at US$556.9 billion, up 0.2% year on year, with an increase of US$11.9 billion in the first seven months.