CH New Loans

New aggregate financing slowed to RMB 770.8bn in July. This brings the year-to-date new increase of aggregate financing to RMB 18.87tn, which represents a 14.6% year-on-year decline. Subcategories of aggregate financing were mixed on the month. In general, loan activity was weak in July. New RMB loans fell into contraction at RMB 770.8bn, lowering the year-to-date new increase of RMB loans to RMB 12.38tn, a 20.9% YoY decline. Foreign currency loans were also weak in July, falling RMB 88.9bn to bring the year-to-date level to a ...

Chinese banks extended 260 billion yuan ($36.26 billion) in new yuan loans in July, down from the previous month and undershooting analysts' forecasts, highlighting weak demand as a prolonged property downturn and job insecurity drag on business and consumer confidence. Analysts polled by Reuters had expected new yuan loans would come in at 450 billion yuan last month, down sharply from 2.13 trillion yuan the previous month but more than the 345.9 billion yuan a year earlier. The People's Bank of China (PBOC) does not provide monthly ...

China’s retail sales beat expectations in May, climbing 3.7% compared with a year ago, beating expectations of a 3% rise from a Reuters poll of economists. However, other economic metrics, such as industrial output and fixed asset investment, missed Reuters forecasts. Industrial output grew by 5.6% year-on-year, compared to the 6% increase expected, while fixed asset investment rose 4% compared to last May, just shy of the 4.2% forecast by the Reuters poll. The country’s National Bureau of Statistics elaborated that the total retail ...

Chinese banks extended 950 billion yuan ($130.93 billion) in new yuan loans in May, rising from April but missing analysts’ expectations. Analysts polled by Reuters had predicted loans would rise to 1.255 trillion yuan in May from 730 billion yuan in April, but would still be below the 1.36 trillion yuan issued in the same month a year earlier. The People’s Bank of China does not provide monthly breakdowns but Reuters calculated the May figures based on the bank’s Jan-May data released on Friday, compared with the Jan-April figure. ...

Chinese banks extended 3.09 trillion yuan ($426.95 billion) in new yuan loans in March, up from February but falling short of analyst expectations. Analysts polled by Reuters had predicted new yuan loans would soar to 3.56 trillion yuan in March from 1.45 trillion yuan the previous month. Data released by the People's Bank of China on Friday showed new loans totaled 9.46 trillion yuan in the first quarter. The central bank did not give figures for March alone; Reuters calculations based on the central bank data showed new loans were ...

New bank lending in China fell more than expected in February from a record high the previous month, even as the central bank seeks to spur sluggish economic growth and fight deflationary pressures. Chinese banks extended 1.45 trillion yuan ($201.5 billion) in new yuan loans in February, according to Reuters calculations based on data released by the People's Bank of China, down sharply from January and falling short of analysts' expectations. Outstanding yuan loans grew 10.1% from a year earlier - the lowest on record - compared ...