China’s banks extended CNY 4,710 billion in new yuan loans in January 2026, sharply higher than CNY 910 billion in December 2025 but below the CNY 5,130 billion recorded a year earlier and market expectations of around CNY 5,000 billion, highlighting that credit demand remains weak even though the government has launched stimulus measures to boost domestic demand. Total social financing, a broad gauge of credit and liquidity, rose to CNY 7,220 billion, up from CNY 2,210 billion in December and CNY 7,055 billion a year earlier, surpassing market forecasts of CNY 7,050 billion. Outstanding loans grew 6.1%, marking a fresh record low and remaining well below the 7.5% pace seen a year ago, as well as slightly below market expectations of 6.2%. source: People's Bank of China

New Bank Loans in China increased to 4710 CNY Billion in January from 910 CNY Billion in December of 2025. New Bank Loans in China averaged 987.77 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 February of 2026.

New Bank Loans in China increased to 4710 CNY Billion in January from 910 CNY Billion in December of 2025. New Bank Loans in China is expected to be 2250.00 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
2026-01-15 07:30 AM
New Yuan Loans
Dec CNY910B CNY390B CNY800B CNY910.0B
2026-02-13 09:00 AM
New Yuan Loans
Jan CNY4710B CNY910B CNY5000B CNY4800.0B
2026-03-14 09:00 AM
New Yuan Loans
Feb CNY4710B


Related Last Previous Unit Reference
Loan Prime Rate 1Y 3.00 3.00 percent Feb 2026
Outstanding Loan Growth YoY 6.10 6.40 percent Jan 2026
Loans to Households 837279.32 832714.26 CNY Hundred Million Jan 2026
Money Supply M0 14613.86 14126.14 CNY Billion Jan 2026
Money Supply M1 117968.05 115514.65 CNY Billion Jan 2026
M2 Money Supply YoY 347190.00 340294.81 CNY Billion Jan 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
4710.00 910.00 5130.00 -50.00 2004 - 2026 CNY Billion Monthly
Current Prices, NSA

News Stream
China’s January New Loans Miss Forecasts
China’s banks extended CNY 4,710 billion in new yuan loans in January 2026, sharply higher than CNY 910 billion in December 2025 but below the CNY 5,130 billion recorded a year earlier and market expectations of around CNY 5,000 billion, highlighting that credit demand remains weak even though the government has launched stimulus measures to boost domestic demand. Total social financing, a broad gauge of credit and liquidity, rose to CNY 7,220 billion, up from CNY 2,210 billion in December and CNY 7,055 billion a year earlier, surpassing market forecasts of CNY 7,050 billion. Outstanding loans grew 6.1%, marking a fresh record low and remaining well below the 7.5% pace seen a year ago, as well as slightly below market expectations of 6.2%.
2026-02-13
China New Yuan Loans Beat Expectations
Chinese banks extended CNY 910 billion in new yuan loans in December 2025, sharply higher than CNY 390 billion in November. Although lending remained below the CNY 990 billion recorded a year earlier, it exceeded market expectations of around CNY 800 billion, underscoring the impact of policy-based financing tools and government stimulus measures that are beginning to support credit demand. Total social financing, a broad gauge of credit and liquidity, rose to CNY 2,210 billion, down from CNY 2,490 billion in November and CNY 2,860 billion a year earlier. Outstanding loan growth held steady at a record-low 6.4%, well below the 7.6% pace seen a year ago but slightly above market expectations of 6.3%.
2026-01-15
China New Yuan Loans Remain Subdued
Chinese banks extended CNY 390 billion in new yuan loans in November 2025, up from CNY 220 billion in October but below both last year’s CNY 580 billion and market expectations of CNY 500 billion. The data indicate that credit demand remains weak, as soft household demand continues to weigh on stimulus efforts. Meanwhile, total social financing, a broad measure of credit and liquidity in the economy, rose to CNY 2490 billion, above October’s CNY 810 billion and last year’s CNY 2340 billion. Loan growth also slowed to 6.4%, a new low since at least 1998, down from 6.5% in the previous period and 7.7% a year earlier.
2025-12-12