Central bank data shows China's new yuan loans hit 11.52 trillion yuan in the first three quarters of 2026. M2 rose 7.2% year on year and aggregate financing to the real economy increased 7.1%. The PBOC launched two rounds of structural monetary policies this year, including adjusted PSL rates and expanded sci-tech relending quotas. Experts say these measures create a sound financial environment and will steadily back high-quality real economy development.