China New Yuan Loans2004-2020 Data | 2021-2022 Forecast | Calendar | Historical

China's banks extended CNY 0.91 trillion in new yuan loans in February 2020, compared to a record CNY 3.34 trillion in the previous month and below market expectations of CNY 11.1 trillion, reflecting the impact of the coronavirus outbreak as many banks and companies shut down for most of the month due to strict anti-virus measures. Household loans decreased by CNY 413.3 billion compared with a rise of CNY 634.1 billion in January, while corporate loans dropped to CNY 1.13 trillion from CNY 2.86 trillion. Meanwhile, outstanding yuan loans grew 12.1 percent year-on-year, the same as in the previous month and matching forecasts. Total social financing, a broad measure of credit and liquidity in the economy, fell to CNY 0.85 billion yuan from an all-time high of 5.07 trillion in January, below consensus of 1.6 trillion yuan.

Chinese banks extended a record CNY 3.34 trillion in new yuan loans in January of 2020, higher than CNY 3.23 trillion a year earlier and market expectations of CNY 3 trillion. The record amount of credit comes amid higher demand during the Lunar New Year holidays and as the government tried to boost lending in an attempt to support the economy hurt by the coronavirus. Corporate loans jumped to CNY 2.86 trillion from CNY 424.4 billion in December while household loans, mostly mortgages, went down to CNY 634.1 billion from CNY 645.9 billion. Meanwhile, outstanding yuan loans increased 12.1 percent year-on-year, below 12.3 percent in December but in line with market forecasts. Total social financing, a broad measure of credit and liquidity in the economy, rose to a record high of CNY 5.07 trillion from CNY 2.103 trillion.

China's banks extended CNY 1.14 trillion in new yuan loans in December 2019, compared to CNY 1.39 trillion in the previous month and below market expectations of CNY 1.19 trillion. The PBOC is seen maintaining its accommodative stance despite easing trade tensions with the US, after economic growth slowed to the weakest in 30 years during the third quarter. New yuan-denominated loans totaled CNY 16.81 trillion in 2019.

The value of new yuan loans provided by the Chinese banks rose to CNY 1390 billion in November 2019 rebounding from CNY 661 billion in October, which was the lowest value since December 2017. Figures beat expectations of CNY 1200 billion and last year's reading of CNY 1250 billion as the PBoC has lowered several key interest rates in November and encouraged faster credit growth in order to support the economy. Bank lending in China usually increases in November after a decline in October when a week-long National Day holiday falls. Household loans, mostly mortgages, went up to CNY 683 billion from CNY 421 billion in October and corporate loans rose to CNY 679.4 billion from CNY 126 billion. Outstanding yuan loans grew 12.4% yoy, the same as in the previous month and slightly higher than market forecasts of 12.3%. Total social financing, a broad measure of credit and liquidity, increased to CNY 1750 billion from CNY 619 billion, which was the lowest since July of 2016.