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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
China New Yuan Loans

Actual Previous Highest Lowest Dates Unit Frequency
1900.00 1280.00 3340.00 -32.10 2004 - 2020 CNY Billion Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-07-10 07:30 AM Jun CNY1810B CNY1480B CNY1800B CNY 1800B
2020-08-11 08:30 AM Jul CNY992.7B CNY1810B CNY1200B CNY1290B
2020-09-11 08:00 AM Aug CNY1280B CNY992.7B CNY1220B CNY1100B
2020-10-14 08:30 AM Sep CNY1900B CNY1280B CNY1700B CNY 1700B
2020-11-11 09:00 AM Oct CNY1900B
2020-12-13 09:00 AM Nov
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
China New Yuan Loans Highest in 6 Months
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.
2020-10-14
Chinese Banks Extend More Loans in August
Chinese banks extended CNY 1.28 trillion in new yuan loans in August of 2020, beating market forecasts of CNY 1220 billion, and above CNY 992.7 billion in July. Figures were in line with CNY 1.21 trillion a year earlier, a sign the Chinese economy continues to recover from the pandemic. Household loans, mostly mortgages, rose to CNY 841.5 billion from CNY 757.8 billion in July and corporate loans surged to CNY 579.7 billion from CNY 264.5 billion. Outstanding yuan loans grew 13 percent from a year earlier, the same as in July and in line with forecasts. Total social financing, a broad measure of credit and liquidity in the economy, jumped to CNY 3.58 trillion, the highest since March. However, the broad M2 money supply went up at a slower 10.4 percent year-on-year, below 10.7 percent in July and forecasts of 10.7 percent.
2020-09-11
China New Bank Loans Below Forecasts
China's banks extended CNY 0.99 trillion in new yuan loans in July 2020, below the previous month's CNY 1.81 trillion and falling short of market expectations of CNY 1.20 trillion. Household loans, mostly mortgages, fell to CNY 757.8 billion in July from CNY 978.8 billion in June, while corporate loans dipped to CNY 264.5 billion from CNY 927.8 billion. Outstanding yuan loan growth eased to 13 percent, also below market consensus of 13.2 percent, while broad M2 money supply rose 10.7 percent, less than expected and after rising the most for over three years during the April-June period. The PBOC announced unprecedented emergency measures early in the year to support the economy hit by the coronavirus pandemic, but a stronger-than-expected rebound in activity during the second quarter reduced the need for more stimulus.
2020-08-11
China New Yuan Loans Highest in 3 Months
Chinese banks extended CNY 1.81 trillion in new yuan loans in June of 2020, the most in three months and compared to market forecasts of CNY 1.8 trillion. The Chinese authorities have been boosting lending, injecting money into the financial system and lowering borrowing rates and reserve ratios in an attempt to help offset the economic impact of the coronavirus pandemic. Considering the first half of 2020, bank lending hit a record of CNY 12.09 trillion, compared to the previous high of CNY 9.67 trillion a year earlier. Meanwhile, broad M2 money supply rose 11.1 percent, the same as in May and in line with forecasts. Outstanding yuan loans grew 13.2 percent, also the same as in May and matching forecasts. Total social financing, a broad measure of credit and liquidity went up to CNY 3.43 trillion, beating expectations of CNY 3 trillion.
2020-07-10

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.