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.

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China New Yuan Loans

Actual Previous Highest Lowest Dates Unit Frequency
3580.00 1260.00 3580.00 -32.10 2004 - 2021 CNY Billion Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-11-11 08:00 AM Oct CNY689.8B CNY1900B CNY800B CNY850B
2020-12-09 08:15 AM Nov CNY1430B CNY689.8B CNY1400B CNY1510B
2021-01-12 11:00 AM Dec CNY1260B CNY1430B CNY1220B CNY1120B
2021-02-09 08:00 AM Jan CNY3580B CNY1260B CNY3500B CNY3250B
2021-03-11 08:00 AM Feb CNY3580B
2021-04-10 08:00 AM Mar
2021-05-11 08:00 AM Apr
2021-06-10 08:00 AM May


News Stream
Chinese Banks Extend Record Loans in January
China's banks extended a record high of 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 and more than market forecasts of 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 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.
2021-02-09
China New Bank Loans Hit Record in 2020
China's banks extended CNY 1.26 trillion in new yuan loans in December 2020, below the previous month's CNY 1.43 trillion and compared with market expectations of CNY 1.22 trillion. In 2020, new bank lending rose to a record CNY 19.63 trillion, up 16.8 percent from CNY 16.81 trillion in 2019.
2021-01-12
Chinese Banks Extend More Loans in November
Chinese banks extended CNY 1430 billion in new yuan loans in November of 2020, almost twice a 1-year low of CNY 689.9 billion given in October and more than market expectations of a CNY 1400 billion. In November, bank lending usually rebounds from a slowdown in October when the week-long National Day holiday affects business activity. Also, the People's Bank of China has been injecting money into the economy aiming to maintain sufficient liquidity of the banking system and support credit. Outstanding yuan loans grew 12.8% from a year earlier, slightly lower than 12.9% in October and forecasts of 12.9%. Total social financing, a broad measure of credit and liquidity in the economy, jumped sharply to CNY 2.13 trillion, above forecasts of CNY 2.075 trillion.
2020-12-09
New Yuan Loans Fall to Lowest in a Year
Chinese banks extended CNY 689.9 billion in new yuan loans in October of 2020, the least in a year and well below CNY 1.9 trillion in September and market expectations of CNY 800 billion. Bank lending usually slows in October as the week-long National Day holiday affects business activity and banks have already used most of their annual quotas. Still, PBOC Governor Yi Gang recently said new loans are likely to hit a record of nearly CNY 20 trillion this year, as policymakers try to boost growth after the coronavirus-hit. Household loans, mostly mortgages, fell to CNY 433.1 billion from CNY 960.7 billion in September, while corporate loans dropped to CNY 233.5 billion from CNY 945.8 billion. Outstanding yuan loans grew 12.9% from a year earlier, slightly lower than 13% in September and forecasts of 13%. Total social financing, a broad measure of credit and liquidity in the economy, fell sharply to CNY 1.42 trillion from CNY 3.48 trillion but in line with forecasts of CNY 1.4 trillion.
2020-11-11

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.