Chinese banks extended CNY 1.9 trillion in new yuan loans in September of 2020, beating market forecasts of CNY 1.7 trillion, and well above CNY 1.28 trillion in August. It is the highest reading in six months and much better than CNY 1.69 trillion a year earlier, a sign the Chinese economy is strongly recovering from the pandemic. Household loans, mostly mortgages, rose to CNY 960.7 billion from CNY 841.5 billion in August, while corporate loans jumped to CNY 945.8 billion from CNY 579.7 billion. Outstanding yuan loans grew 13 percent from a year earlier, the same as in August and above forecasts of 12.9 percent. Total social financing, a broad measure of credit and liquidity in the economy, eased to CNY 3.48 trillion from CNY 3.58 trillion but well above forecasts of CNY 3.15 trillion. The broad M2 money supply went up at a faster 10.9 percent year-on-year, above 10.4 percent in August and forecasts of 10.4 percent. source: People's Bank of China
Banks Balance Sheet in China averaged 772.68 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 October of 2020.
Banks Balance Sheet in China is expected to be 1300.00 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 2021, according to our econometric models.