Chinese banks extended CNY 1.21 trillion in net new yuan loans in August 2019, compared to CNY 1.06 trillion in the previous month and market consensus of CNY 1.20 trillion. Household loans, mostly mortgages, increased to CNY 653.8 billion in August from CNY 511.2 billion in July, while corporate loans rose to CNY 651.3 billion from CNY 297.4 billion. Foreign currency loans decreased by USD 1.4 billion. Banks Balance Sheet in China averaged 713.66 CNY Billion from 2004 until 2019, reaching an all time high of 3230 CNY Billion in January of 2019 and a record low of -32.10 CNY Billion in July of 2005.
Banks Balance Sheet in China is expected to be 1500.00 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 1800.00 in 12 months time. In the long-term, the China New Yuan Loans is projected to trend around 1800.00 CNY Billion in 2020, according to our econometric models.