China's banks extended CNY 826.2 billion in new yuan loans in October of 2021, almost half of CNY 1660 billion in September and the lowest in a year. Still, figures were above market forecast of CNY 800 billion and were higher than CNY 690 billion a year earlier. Banks in China normally scale back lending in the final months of the year as they use up their annual loan quotas. Total social financing, a broader measure of financing that includes non-bank credit, fell to CNY1.59 trillion in October from CNY 2.9 trillion in September and in line with forecasts of CNY 1.6 trillion. Money supply M2 rose 8.7%, above 8.3% in September and higher than forecasts of 8.3%. source: People's Bank of China
Banks Balance Sheet in China averaged 823.53 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 December of 2021.
Banks Balance Sheet in China is expected to be 1300.00 CNY Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China New Yuan Loans is projected to trend around 1200.00 CNY Billion in 2022 and 1800.00 CNY Billion in 2023, according to our econometric models.