The value of new yuan loans provided by the Chinese banks went up to CNY 1500 billion in May of 2021 from CNY 1470 billion in April, beating market forecasts of CNY 1410 billion. Figures compare with CNY 1480 billion a year earlier. M2 money supply grew 8.3% yoy, above 8.1% in April and forecasts of 8.1%. Outstanding yuan loans grew an annual 12.2%, matching forecasts and below 12.3% in April. The PBoC is trying to normalise policy by reducing pandemic-driven stimulus and contain debt as the economy rebounds from the coronavirus-hit. China's policymakers are close to setting an average annual economic growth target of around 5% for the next five years, at the lower end of ranges previously considered as global risks cloud the outlook, Reuters reported citing policy sources. source: People's Bank of China

Banks Balance Sheet in China averaged 810.18 CNY Billion from 2004 until 2021, reaching an all time high of 3580 CNY Billion in January of 2021 and a record low of -32.10 CNY Billion in July of 2005. This page provides - China New Yuan Loans - actual values, historical data, forecast, chart, statistics, economic calendar and news. China New Yuan Loans - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.

Banks Balance Sheet in China is expected to be 1310.00 CNY Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Banks Balance Sheet in China to stand at 1700.00 in 12 months time. In the long-term, the China New Yuan Loans is projected to trend around 1800.00 CNY Billion in 2022, according to our econometric models.

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China New Yuan Loans

Actual Previous Highest Lowest Dates Unit Frequency
1500.00 1470.00 3580.00 -32.10 2004 - 2021 CNY Billion Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-03-10 08:30 AM Feb CNY1360B CNY3580B CNY950B CNY1050B
2021-04-12 08:00 AM Mar CNY2730B CNY1360B CNY2450B CNY2520B
2021-05-12 08:30 AM Apr CNY1470B CNY2730B CNY1600B CNY1850B
2021-06-10 08:00 AM May CNY1500B CNY1470B CNY1410B CNY1300B
2021-07-10 08:00 AM Jun CNY1500B
2021-08-11 08:00 AM Jul
2021-09-11 08:00 AM Aug
2021-10-14 08:00 AM Sep


News Stream
China New Bank Loans Above Forecasts
The value of new yuan loans provided by the Chinese banks went up to CNY 1500 billion in May of 2021 from CNY 1470 billion in April, beating market forecasts of CNY 1410 billion. Figures compare with CNY 1480 billion a year earlier. M2 money supply grew 8.3% yoy, above 8.1% in April and forecasts of 8.1%. Outstanding yuan loans grew an annual 12.2%, matching forecasts and below 12.3% in April. The PBoC is trying to normalise policy by reducing pandemic-driven stimulus and contain debt as the economy rebounds from the coronavirus-hit. China's policymakers are close to setting an average annual economic growth target of around 5% for the next five years, at the lower end of ranges previously considered as global risks cloud the outlook, Reuters reported citing policy sources.
2021-06-10
Chinese Banks Extend Less Loans in April
The value of new yuan loans provided by the Chinese banks decreased to CNY 1470 billion in April of 2021 from CNY 2730 billion in March, below market forecasts of CNY 1600 billion. The reading is also lower than CNY 1700 billion issued the same month a year earlier as the central bank continues with policy normalisation while maintaining support for smaller firms. Late in March, the PBoC asked major lenders to keep loan growth stable and reasonable at roughly the same level as last year, following a surge in loan growth in the beginning of the year, and aiming to curb risks, especially in the financial and real estate sectors. Outstanding yuan loans grew 12.3 percent year-on-year, the slowest pace since February 2020 and below 12.6 percent in March. The broad money supply M2 grew 8.1 percent, the lowest since July of 2019 and well below 9.4 percent in March.
2021-05-12
China New Bank Loans Beat Expectations
China's banks extended CNY 2.73 trillion in new yuan loans in March 2021, up from CNY 1.36 trillion in the previous month and above market expectations of CNY 2.45 trillion. That pushed bank lending in the first quarter to a record high of CNY 7.67 trillion, beating the previous peak of CNY 7.1 trillion yuan in the first quarter of 2020. Investors have been monitoring the central bank's monetary indicators, amid concerns about policy tightening as the world's second-largest economy continued its recovery from last year's record contraction. Last year, policymakers cut interest rates and reserve ratios to support growth, amid the COVID crisis. Broad M2 money supply increased 9.4 percent from a year earlier, below estimates of 9.6 percent, while outstanding yuan loan grew 12.6 percent from a year earlier, matching expectations.
2021-04-12
China New Bank Loans Surprise on the Upside
China's banks extended CNY 1.36 trillion in new yuan loans in February of 2021, below a record of CNY 3.58 trillion in January but well above market forecasts of CNY 0.95 trillion. It is also higher than CNY 0.91 trillion a year earlier. Loans tend to be higher in the beginning of the year as banks try to get more higher-quality customers and win market share and as the PBoC makes regular liquidity injections to raise cash available ahead of the Lunar New Year holidays. This year however, the central bank has been withdrawing money from the market, raising concerns about monetary policy tightening. The bank withdrew CNY 80 billion right before the Lunar New Year. Broad M2 money supply grew 10.1 percent from a year earlier, above 9.4 percent in January and outstanding yuan loans grew 12.9 percent compared with 12.7 percent growth in January.
2021-03-10

China New Yuan Loans
In China, new yuan loans refer to financial institutions Renminbi credit funds balance sheet. They represent more than four-fifths of all loans.