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"Reining in total social financing and its growth is a priority".
A broad measure of debt known as total social financing posted a record jump in January.
Total social financing is still expected to grow by 10% this year, faster than nominal GDP.
The financial sector, as well as the social entrepreneurs themselves, still need to capture the opportunities of social financing.
So-called total social financing, a broad measure of liquidity in the economy, stood at 1.29 trillion renminbi last month, down from 1.65 trillion renminbi in September.
The central bank publishes a broader measure of "social financing", which includes corporate bonds and some loans repackaged by "trust" companies.
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Another headline topic was social finance.
Regulating Social Finance: Can Social Stock Exchanges Meet the Challenge?
Social Finance put together small tests of new financing mechanisms.
Why would anyone quit the City for social finance?
In my article, Regulating Social Finance: Can Social Stock Exchanges Meet the Challenge?
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