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China outstanding total social financing rises 13.3% year-on-year at end-August

BEIJING (Reuters) - China’s outstanding total social financing (TSF) rose to 276.74 trillion yuan ($40.48 trillion) at the end of August, up 13.3% from a year earlier, the central bank said on Friday.

TSF includes off-balance-sheet forms of financing that exist outside the conventional bank lending system, such as initial public offerings, loans from trust companies and bond sales.

($1 = 6.8358 Chinese yuan renminbi)

Reporting by Lusha Zhang and Kevin Yao; Editing by Alex Richardson

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