Chinese banks extended CNY 1.89 trillion in new yuan loans in May of 2022, a sharp increase from more than a 4-year high of CNY 645.4 billion hit in April. Figures came well above market expectations of CNY 1.3 trillion and CNY 1.5 trillion a year earlier, as the Chinese authorities increased support to try to mitigate the effects of covid lockdowns, including a cut in benchmark reference rate for mortgages, tax credit rebates and postponing social security payments and loan repayments. Meanwhile, the M2 money supply rose 11.1%, above 10.5% in April and forecasts of 10.4% and outstanding yuan loans increased 11%, above 10.9% in April and forecasts of 10.7%. source: People's Bank of China

Banks Balance Sheet in China averaged 857.51 CNY Billion from 2004 until 2022, reaching an all time high of 3980 CNY Billion in January of 2022 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 2022.

Banks Balance Sheet in China is expected to be 2200.00 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 2023 and 1800.00 CNY Billion in 2024, according to our econometric models.

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China New Yuan Loans



Calendar GMT Actual Previous Consensus TEForecast
2022-05-13 08:30 AM Apr CNY645.4B CNY3130B CNY1515B CNY1670B
2022-06-10 08:00 AM May CNY1890B CNY645.4B CNY1300B CNY1100B
2022-07-09 08:00 AM Jun CNY1890B


Related Last Previous Unit Reference
Interest Rate 3.70 3.70 percent Jun 2022
Cash Reserve Ratio 11.25 11.25 percent Jun 2022
Interbank Rate 2.46 2.64 percent Jun 2022
Money Supply M1 64510.00 63613.90 CNY Billion May 2022
Money Supply M0 9550.00 9562.65 CNY Billion May 2022
Money Supply M2 252700.00 249971.09 CNY Billion May 2022
Foreign Exchange Reserves 3128000.00 3120000.00 USD Million May 2022
Central Bank Balance Sheet 385319.77 389336.03 CNY HML May 2022
Banks Balance Sheet 1890.00 645.40 CNY Billion May 2022
Loans to Private Sector 27900.00 9102.00 CNY HML May 2022
Loan Growth 11.00 10.90 percent May 2022
Deposit Interest Rate 0.35 0.35 percent May 2022
Reverse Repo Rate 2.10 2.10 percent Jun 2022
Loans To Banks 2026603.74 2007906.57 CNY HML May 2022
Liquidity Injections Via Reverse Repo 10.00 10.00 CNY Billion May 2022
Lending Rate 4.35 4.35 percent Oct 2021

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.
Actual Previous Highest Lowest Dates Unit Frequency
1890.00 645.40 3980.00 -32.10 2004 - 2022 CNY Billion Monthly

News Stream
China New Yuan Loans Increase Sharply in May
Chinese banks extended CNY 1.89 trillion in new yuan loans in May of 2022, a sharp increase from more than a 4-year high of CNY 645.4 billion hit in April. Figures came well above market expectations of CNY 1.3 trillion and CNY 1.5 trillion a year earlier, as the Chinese authorities increased support to try to mitigate the effects of covid lockdowns, including a cut in benchmark reference rate for mortgages, tax credit rebates and postponing social security payments and loan repayments. Meanwhile, the M2 money supply rose 11.1%, above 10.5% in April and forecasts of 10.4% and outstanding yuan loans increased 11%, above 10.9% in April and forecasts of 10.7%.
2022-06-10
Chinese Banks Extend the Least Yuan Loans since 2017
Chinese banks extended CNY 645.4 billion in new yuan loans in April of 2022, the lowest since December of 2017 and well below market expectations of CNY 1515 billion, as credit demand weakened due to coronavirus lockdowns in many cities, including in the commercial hub of Shanghai. Firms were facing operational difficulties amid Covid outbreaks and rising production costs. Also, seasonal factors could have also weighed on loans as Chinese banks rushed to extend more loans towards the end of the first quarter. In March, new yuan loans amounted to CNY 3130 billion. Meanwhile, the broad M2 money supply grew 10.5% in April, the most since November of 2020 and above estimates of 9.9% and 9.7% in March. Outstanding yuan loans grew 10.9% yoy, below 11.4% in March and forecasts of 11.4%.
2022-05-13
China New Yuan Loans Beat Forecasts
Chinese banks extended CNY 3.13 trillion in new yuan loans in March of 2022, well above CNY 1.23 trillion in February and market forecasts of CNY 2.675 trillion. It is also higher than CNY 2.73 billion in the same month last year, pushing Q1 loans to a record high of CNY 8.34 trillion, as the central bank continues to support the economy amid new coronavirus outbreaks and lockdowns and as commodity markets remain volatile and the global economic recovery subdued. Meanwhile, broad M2 money supply grew 9.7% in March, above estimates of 9.2% and 9.2% in February. Outstanding yuan loans grew 11.4% yoy, the same as in February and in line with forecasts.
2022-04-11