China's banks extended CNY 1.48 trillion in new yuan loans in May 2020, compared to the previous month's CNY 1.70 trillion and market expectations of CNY 1.50 trillion. Household loans, mostly mortgages, rose to CNY 704.3 billion from CNY 666.9 billion in April, while corporate loans fell to CNY 845.9 billion from CNY 956.3 billion. Meanwhile, other credit growth indicators suggested the central bank continued to step up efforts to support the economy hit by coronavirus pandemic. Growth of outstanding total social financing (TSF), a broad measure of credit and liquidity in the economy, quickened to 12.5 percent in May, from 12 percent in April. Broad M2 money supply rose for a second consecutive month by 11.1 percent, the most in over three years, and outstanding yuan loans grew 13.2 percent, compared to April's 13.1 percent.
Banks Balance Sheet in China averaged 758 CNY Billion from 2004 until 2020, reaching an all time high of 3340 CNY Billion in January of 2020 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 July of 2020. source: People's Bank of China
Banks Balance Sheet in China is expected to be 1800.00 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 2021, according to our econometric models.