On June 12, the People's Bank of China reported preliminary statistics indicating that the cumulative increase in the scale of social financing for the first five months of 2026 was 17.48 trillion yuan, which is 1.16 trillion yuan less than the same period last year, with an expectation of 17.15 trillion yuan and a previous value of 15.45 trillion yuan. Among these, the increase in RMB loans to the real economy was 9 trillion yuan, which is 1.38 trillion yuan less than the same period last year; foreign currency loans to the real economy, converted to RMB, increased by 115.3 billion yuan, which is 211.6 billion yuan more than the same period last year; entrusted loans decreased by 103.1 billion yuan, which is 91.8 billion yuan more than the same period last year; trust loans increased by 5.7 billion yuan, which is 570 million yuan less than the same period last year; un-discounted bank acceptance bills decreased by 17.2 billion yuan, which is 151.4 billion yuan more than the same period last year; net financing of corporate bonds was 1.67 trillion yuan, which is 757.7 billion yuan more than the same period last year; net financing of government bonds was 567 billion yuan, which is 634 billion yuan less than the same period last year; and non-financial enterprises raised 230.5 billion yuan in domestic stock financing, which is 79.9 billion yuan more than the same period last year.