China's new yuan-denominated loans stood at 3.23 trillion yuan in January 2019, central bank data showed. The M2, a broad measure of money supply that covers cash in circulation and all deposits, rose 8.6 percent year on year to 188.94 trillion yuan at the end of March, according to the People's Bank of China. China's new yuan-denominated loans stood at 3.23 trillion yuan ($477 billion) in January 2019, up 328.4 billion yuan year-on-year, central bank data showed Friday. Search HOME China's new yuan-denominated loans totaled 4.24 trillion yuan (about 605.7 billion U.S. dollars) during the first two months of the year, up 130.8 billion yuan year on year. In February alone, new loans stood at 905.7 billion yuan, up 19.9 billion yuan year on year. In January, Chinese banks distributed CNY 3.34 trillion (USD 476 billion) in new yuan loans. This marked a record high and came in above the CNY 1.14 trillion recorded in December and the CNY 3.00 trillion that market analysts had expected. China's outstanding yuan loans grew 12.5 percent from a year earlier in September 2019, following a 12.4 percent increase in the previous month and above market forecasts of 12.3 percent. Loan Growth in China averaged 15.92 percent from 1998 until 2019, reaching an all time high of 34.44 percent in June Aggregate financing was 4.64 trillion yuan ($685 billion) in January, the People’s Bank of China said. That compares with an estimated 3.3 trillion yuan in a Bloomberg survey. Financial institutions made a record 3.23 trillion yuan of new loans, versus a projected 3 trillion yuan.
China's banks extended CNY 0.91 trillion in new yuan loans in February 2020, compared to a record CNY 3.34 trillion in the previous month and below market
China's outstanding yuan loans grew 12.5 percent from a year earlier in September 2019, following a 12.4 percent increase in the previous month and above market forecasts of 12.3 percent. Loan Growth in China averaged 15.92 percent from 1998 until 2019, reaching an all time high of 34.44 percent in June Aggregate financing was 4.64 trillion yuan ($685 billion) in January, the People’s Bank of China said. That compares with an estimated 3.3 trillion yuan in a Bloomberg survey. Financial institutions made a record 3.23 trillion yuan of new loans, versus a projected 3 trillion yuan. Chinese banks extended 905.7 billion yuan (US$130 billion) in new yuan loans in February, down from a record 3.34 trillion yuan (US$480 billion) in January and missing analyst expectations, About China CNY Monthly New Loan. Loans are created by giving money to another party in exchange for future repayment of the principal along with interest or other finance charges. Deposits are sums of money placed with a financial institution.
20 Feb 2020 Broad M2 money supply in January grew 8.4% from a year earlier, central bank data showed on Thursday, below estimates of 8.6% forecast in
China's new yuan-denominated loans stood at 3.23 trillion yuan ($477 billion) in January 2019, up 328.4 billion yuan year-on-year, central bank data showed Friday. Search HOME China's new yuan-denominated loans totaled 4.24 trillion yuan (about 605.7 billion U.S. dollars) during the first two months of the year, up 130.8 billion yuan year on year. In February alone, new loans stood at 905.7 billion yuan, up 19.9 billion yuan year on year. In January, Chinese banks distributed CNY 3.34 trillion (USD 476 billion) in new yuan loans. This marked a record high and came in above the CNY 1.14 trillion recorded in December and the CNY 3.00 trillion that market analysts had expected. China's outstanding yuan loans grew 12.5 percent from a year earlier in September 2019, following a 12.4 percent increase in the previous month and above market forecasts of 12.3 percent. Loan Growth in China averaged 15.92 percent from 1998 until 2019, reaching an all time high of 34.44 percent in June Aggregate financing was 4.64 trillion yuan ($685 billion) in January, the People’s Bank of China said. That compares with an estimated 3.3 trillion yuan in a Bloomberg survey. Financial institutions made a record 3.23 trillion yuan of new loans, versus a projected 3 trillion yuan.
