Chinese banks extended CNY 1.08 trillion in net new yuan loans in December 2018, compared to CNY 1.25 trillion in the previous month and beating market consensus of CNY 0.80 trillion. In addition, outstanding yuan loans advanced 13.5 percent, slightly above expectations of 13.2 percent and accelerating from 13.1 percent in November. China's banks extended a record 16.17 trillion yuan in new loans in 2018. Household loans accounted for 46 percent of 2018 new loans, down from the previous year's 53 percent, while corporate loans accounted for 51 percent of the total, versus 50 percent in 2017. Banks Balance Sheet in China averaged 679.07 CNY Billion from 2004 until 2018, reaching an all time high of 2900 CNY Billion in January of 2018 and a record low of -32.10 CNY Billion in July of 2005.
Banks Balance Sheet in China is expected to be 1222.00 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 1223.50 in 12 months time. In the long-term, the China New Yuan Loans is projected to trend around 1223.48 CNY Billion in 2020, according to our econometric models.