Chinese banks extended CNY 1.18 trillion in net new yuan loans in May 2019, compared to CNY 1.02 trillion in the previous month and market consensus of CNY 1.225 trillion. Household loans, mostly mortgages, rose to CNY 662.5 billio from CNY 525.8 billion in April, while corporate loans rose to CNY 522.4 billion from CNY 347.1 billion a month earlier. Banks Balance Sheet in China averaged 703.99 CNY Billion from 2004 until 2019, reaching an all time high of 3230 CNY Billion in January of 2019 and a record low of -32.10 CNY Billion in July of 2005.
Banks Balance Sheet in China is expected to be 1700.00 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 1900.00 in 12 months time. In the long-term, the China New Yuan Loans is projected to trend around 1800.00 CNY Billion in 2020, according to our econometric models.