China's banks extended a record high CNY 3.58 trillion in new yuan loans in January of 2021, above CNY 1.23 trillion in December and CNY 3.34 trillion a year earlier. Figures compare with market forecasts for CNY 3.50 trillion. Loans tend to be higher in the beginning of the year as banks try to get more higher-quality customers and win market share and as the PBoC makes its regular liquidity injections to raise cash available ahead of the Lunar New Year holidays. This year however, the central bank has been withdrawing money from the market, raising concerns about monetary policy tightening. In 2020, new bank lending rose to a record CNY 19.63 trillion, up 16.8 percent from CNY 16.81 trillion in 2019. source: People's Bank of China
Banks Balance Sheet in China averaged 791.55 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 February of 2021.
Banks Balance Sheet in China is expected to be 2100.00 CNY Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Banks Balance Sheet in China to stand at 1300.00 in 12 months time. In the long-term, the China New Yuan Loans is projected to trend around 1800.00 CNY Billion in 2022, according to our econometric models.