China's banks extended CNY 826.2 billion in new yuan loans in October of 2021, almost half of CNY 1660 billion in September and the lowest in a year. Still, figures were above market forecast of CNY 800 billion and were higher than CNY 690 billion a year earlier. Banks in China normally scale back lending in the final months of the year as they use up their annual loan quotas. Total social financing, a broader measure of financing that includes non-bank credit, fell to CNY1.59 trillion in October from CNY 2.9 trillion in September and in line with forecasts of CNY 1.6 trillion. Money supply M2 rose 8.7%, above 8.3% in September and higher than forecasts of 8.3%. source: People's Bank of China

Banks Balance Sheet in China averaged 823.53 CNY Billion from 2004 until 2021, reaching an all time high of 3580 CNY Billion in January of 2021 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 December of 2021.

Banks Balance Sheet in China is expected to be 1300.00 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 2022 and 1800.00 CNY Billion in 2023, according to our econometric models.

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China New Yuan Loans


Calendar GMT Actual Previous Consensus TEForecast
2021-10-13 09:00 AM Sep CNY1660B CNY1220B CNY1850B CNY1790B
2021-11-10 08:15 AM Oct CNY826.2B CNY1660B CNY800B CNY750B
2021-12-13 08:00 AM Nov CNY826.2B CNY1150B


Related Last Previous Unit Reference
Interest Rate 3.85 3.85 percent Nov/21
Cash Reserve Ratio 12.00 12.00 percent Nov/21
Interbank Rate 2.64 2.64 percent Dec/21
Money Supply M1 62610.00 62464.57 CNY Billion Oct/21
Money Supply M0 8610.00 8686.71 CNY Billion Oct/21
Money Supply M2 233620.00 234282.97 CNY Billion Oct/21
Foreign Exchange Reserves 3217614.00 3201000.00 USD Million Oct/21
Central Bank Balance Sheet 394919.35 391973.65 CNY HML Oct/21
Banks Balance Sheet 826.20 1660.00 CNY Billion Oct/21
Loans to Private Sector 15900.00 29000.00 CNY HML Oct/21
Deposit Interest Rate 0.35 0.35 percent Oct/21
Loan Growth 11.90 11.90 percent Oct/21
Liquidity Injections Via Reverse Repo 10.00 10.00 CNY Billion Dec/22
Reverse Repo Rate 2.20 2.20 percent Nov/21
Loans To Banks 1896294.50 1887963.25 CNY HML Oct/21
Lending Rate 4.35 4.35 percent Oct/21

News Stream
Chinese Banks Extend More Loans than Expected
China's banks extended CNY 826.2 billion in new yuan loans in October of 2021, almost half of CNY 1660 billion in September and the lowest in a year. Still, figures were above market forecast of CNY 800 billion and were higher than CNY 690 billion a year earlier. Banks in China normally scale back lending in the final months of the year as they use up their annual loan quotas. Total social financing, a broader measure of financing that includes non-bank credit, fell to CNY1.59 trillion in October from CNY 2.9 trillion in September and in line with forecasts of CNY 1.6 trillion. Money supply M2 rose 8.7%, above 8.3% in September and higher than forecasts of 8.3%.
2021-11-10
China New Bank Loans Below Forecasts
China's banks extended CNY 1.66 trillion in new yuan loans in September 2021, up from CNY 1.22 trillion in the previous month but below market expectations of CNY 1.85 trillion, amid doubts whether the central bank will be providing more stimulus to support the slowing economy. Concerns over debt and property bubble risks, however, might delay any meaningful steps. Broad M2 money supply increased 8.3 percent from a year earlier, above August's 8.2 percent growth and estimates of 8.1 percent. Outstanding yuan loans advanced 11.9 percent, the least since 2002 and below market forecasts of 12.1 percent.
2021-10-13
China New Bank Loans Rise Less than Forecast
China's banks extended CNY 1.22 trillion in new yuan loans in August 2021, rebounding from a nine-month low of CNY 1.08 trillion in the previous month but below market expectations of CNY 1.30 trillion, amid doubts whether the central bank will be providing more stimulus to support the country's slowing growth. Expectations for near-term easing cooled on the back of strong August trade data and after central bank vice governor Pan Gongsheng said China would maintain prudent monetary policy and not resort to flood-like stimulus. Broad M2 money supply increased 8.2 percent from a year earlier, below July's 8.3 percent growth and estimates of 8.4 percent. Outstanding yuan loans advanced 12.1 percent, below market forecasts and July's figure of 12.3 percent.
2021-09-10

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.