Chinese banks extended CNY 1.89 trillion in new yuan loans in May of 2022, a sharp increase from more than a 4-year high of CNY 645.4 billion hit in April. Figures came well above market expectations of CNY 1.3 trillion and CNY 1.5 trillion a year earlier, as the Chinese authorities increased support to try to mitigate the effects of covid lockdowns, including a cut in benchmark reference rate for mortgages, tax credit rebates and postponing social security payments and loan repayments. Meanwhile, the M2 money supply rose 11.1%, above 10.5% in April and forecasts of 10.4% and outstanding yuan loans increased 11%, above 10.9% in April and forecasts of 10.7%. source: People's Bank of China
Banks Balance Sheet in China averaged 857.51 CNY Billion from 2004 until 2022, reaching an all time high of 3980 CNY Billion in January of 2022 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 June of 2022.
Banks Balance Sheet in China is expected to be 2200.00 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 2023 and 1800.00 CNY Billion in 2024, according to our econometric models.