New yuan loans extended by Chinese banks rose by a net CNY 520 billion in May of 2026, slowing from the CNY 623 billion from the corresponding period of the previous year, and loosely aligned with market expectations of a net CNY 550 extension. The result marked the rebound from the unexpected domestic bank loans contraction in the previous month. In the meantime, aggregate financing, which is a broader measure of credit, rose by a net CNY 2.03 trillion, less than the CNY 22.9 trillion from last year but still above market expectations of CNY 1.87 trillion. Despite pointing to some resilience following the sharp slowdown at the start of the year, the figure continued to underscore the decline in the issuance of new bonds from the central and local governments in China, aligned with lower credit demand as Chinese consumption remains sluggish. source: People's Bank of China

New Bank Loans in China increased to 520 CNY Billion in May from -10 CNY Billion in April of 2026. New Bank Loans in China averaged 989.44 CNY Billion from 2004 until 2026, reaching an all time high of 5130.00 CNY Billion in January of 2025 and a record low of -50.00 CNY Billion in July of 2025. This page includes a chart with historical data for China New Bank Loans. China New Bank Loans - data, historical chart, forecasts and calendar of releases - was last updated on June of 2026.

New Bank Loans in China increased to 520 CNY Billion in May from -10 CNY Billion in April of 2026. New Bank Loans in China is expected to be 2000.00 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 Bank Loans is projected to trend around 1320.00 CNY Billion in 2027 and 1520.00 CNY Billion in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-05-14 09:00 AM
New Yuan Loans
Apr CNY-10B CNY2990B CNY300B CNY320.0B
2026-06-12 09:00 AM
New Yuan Loans
May CNY520B CNY-10B CNY550B CNY 500.0B
2026-07-14 07:00 AM
New Yuan Loans
Jun CNY520B CNY 2000B


Related Last Previous Unit Reference
Loan Prime Rate 1Y 3.00 3.00 percent Jun 2026
Outstanding Loan Growth YoY 5.50 5.60 percent May 2026
Loans to Households 826399.82 827811.62 CNY Hundred Million May 2026
Money Supply M0 14685.47 14747.74 CNY Billion May 2026
Money Supply M1 114889.14 114583.37 CNY Billion May 2026
M2 Money Supply YoY 353668.89 353042.52 CNY Billion May 2026


China New Bank 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
520.00 -10.00 5130.00 -50.00 2004 - 2026 CNY Billion Monthly
Current Prices, NSA

News Stream
China New Yuan Loans Slow
New yuan loans extended by Chinese banks rose by a net CNY 520 billion in May of 2026, slowing from the CNY 623 billion from the corresponding period of the previous year, and loosely aligned with market expectations of a net CNY 550 extension. The result marked the rebound from the unexpected domestic bank loans contraction in the previous month. In the meantime, aggregate financing, which is a broader measure of credit, rose by a net CNY 2.03 trillion, less than the CNY 22.9 trillion from last year but still above market expectations of CNY 1.87 trillion. Despite pointing to some resilience following the sharp slowdown at the start of the year, the figure continued to underscore the decline in the issuance of new bonds from the central and local governments in China, aligned with lower credit demand as Chinese consumption remains sluggish.
2026-06-12
China New Yuan Loans Unexpectedly Contract
New yuan loans by Chinese banks fell by a net CNY 10 billion in April of 2026, contrasting with the net CNY 285 billion extended in the corresponding period of the previous year and market expectations of a net CNY 300 billion increase. Likewise, aggregate financing, a broad measure of credit flows, fell to a net CNY 620 billion in the period, the lowest in two years and well under forecasts of a CNY 1.5 trillion net increase. The figure point to a slowdown in the issuance of new bonds from the central and local governments in China, reflecting pressure in credit demand as aggregate demand in China remains sluggish despite the signals of incoming stimulus measures.
2026-05-14
China New Yuan Loans Fall More than Expected
New yuan loans extended by Chinese banks fell to CNY 2.990 trillion in March of 2026 from CNY 3.363 trillion in the corresponding period of the previous year, firmly below the median market forecast of CNY 3.4 trillion to mark the lowest extension in the period since 2021. Likewise, aggregate financing, a broad measure of credit flows, fell to CNY 5.23 trillion in March from CNY 5.896 trillion, missing forecasts of CNY 5.4 trillion. Consumers' demand for credit remained muted as the ongoing property crisis, as weak purchasing power in the economy and an oversupply of housing dents demand for new homes, especially outside big cities. At the same time, government bond issuance slipped to around CNY 1 trillion from CNY 1.5 trillion.
2026-04-13