China’s March data on aggregate financing and new lending exceeded analysts’ estimates. Aggregate financing, the broadest measure of credit supply, was 2.86 trillion yuan (US$425.9 billion), while new lending totalled 1.69 trillion yuan, according to China’s central bank data released after the market closed on Friday. That beat the projections of 1.85 trillion yuan and 1.25 trillion yuan respectively in a Bloomberg survey. China’s stocks may get double support from the central banks today. On top of the news that March aggregate financing and new-yuan loans significantly beat analysts’ estimates, comments from ... (full story)