China New Yuan Loans2004-2020 Data | 2021-2023 Forecast | Calendar | Historical

China's banks extended CNY 1.26 trillion in new yuan loans in December 2020, below the previous month's CNY 1.43 trillion and compared with market expectations of CNY 1.22 trillion. In 2020, new bank lending rose to a record CNY 19.63 trillion, up 16.8 percent from CNY 16.81 trillion in 2019.

Chinese banks extended CNY 1430 billion in new yuan loans in November of 2020, almost twice a 1-year low of CNY 689.9 billion given in October and more than market expectations of a CNY 1400 billion. In November, bank lending usually rebounds from a slowdown in October when the week-long National Day holiday affects business activity. Also, the People's Bank of China has been injecting money into the economy aiming to maintain sufficient liquidity of the banking system and support credit. Outstanding yuan loans grew 12.8% from a year earlier, slightly lower than 12.9% in October and forecasts of 12.9%. Total social financing, a broad measure of credit and liquidity in the economy, jumped sharply to CNY 2.13 trillion, above forecasts of CNY 2.075 trillion.

Chinese banks extended CNY 689.9 billion in new yuan loans in October of 2020, the least in a year and well below CNY 1.9 trillion in September and market expectations of CNY 800 billion. Bank lending usually slows in October as the week-long National Day holiday affects business activity and banks have already used most of their annual quotas. Still, PBOC Governor Yi Gang recently said new loans are likely to hit a record of nearly CNY 20 trillion this year, as policymakers try to boost growth after the coronavirus-hit. Household loans, mostly mortgages, fell to CNY 433.1 billion from CNY 960.7 billion in September, while corporate loans dropped to CNY 233.5 billion from CNY 945.8 billion. Outstanding yuan loans grew 12.9% from a year earlier, slightly lower than 13% in September and forecasts of 13%. Total social financing, a broad measure of credit and liquidity in the economy, fell sharply to CNY 1.42 trillion from CNY 3.48 trillion but in line with forecasts of CNY 1.4 trillion.

Chinese banks extended CNY 1.9 trillion in new yuan loans in September of 2020, beating market forecasts of CNY 1.7 trillion, and well above CNY 1.28 trillion in August. It is the highest reading in six months and much better than CNY 1.69 trillion a year earlier, a sign the Chinese economy is strongly recovering from the pandemic. Household loans, mostly mortgages, rose to CNY 960.7 billion from CNY 841.5 billion in August, while corporate loans jumped to CNY 945.8 billion from CNY 579.7 billion. Outstanding yuan loans grew 13 percent from a year earlier, the same as in August and above forecasts of 12.9 percent. Total social financing, a broad measure of credit and liquidity in the economy, eased to CNY 3.48 trillion from CNY 3.58 trillion but well above forecasts of CNY 3.15 trillion. The broad M2 money supply went up at a faster 10.9 percent year-on-year, above 10.4 percent in August and forecasts of 10.4 percent.