The value of new yuan loans provided by Chinese banks decreased to CNY 0.697 trillion in October 2018 from CNY 1.380 trillion in the previous month and well below market expectations of CNY 0.874 trillion. Household loans, which accounted for 80.9 percent of total new loans and consists mostly by mortgages, fell to CNY 0.564 trillion in October from CNY 0.754 trillion in September. Corporate loans tumbled to CNY 0.150 trillion from CNY 0.677 trillion a month earlier. New bank loans in the first 10 months of 2018 totalled CNY 13.84 trillion, surpassing last year's full-year record of CNY 13.53 trillion. Banks Balance Sheet in China averaged 673.61 CNY Billion from 2004 until 2018, reaching an all time high of 2900 CNY Billion in January of 2018 and a record low of -32.10 CNY Billion in July of 2005.
Banks Balance Sheet in China is expected to be 1350.00 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 1223.65 in 12 months time. In the long-term, the China New Yuan Loans is projected to trend around 1223.48 CNY Billion in 2020, according to our econometric models.