Total social financing up by 10.4 pct to USD 30 bn in April: China's central bank

China's outstanding total social financing (TSF) was at 209.68 trillion yuan ($30.87 trillion) at the end of April, up 10.4 per cent from a year earlier, the central bank said on Thursday.

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. In April, TSF fell more than expected to 1.36 trillion yuan from 2.86 trillion yuan in March. Analysts polled by Reuters had expected April TSF of 1.7 trillion yuan.