China's banks extended CNY 2.73 trillion in new yuan loans in March 2021, up from CNY 1.36 trillion in the previous month and above market expectations of CNY 2.45 trillion. That pushed bank lending in the first quarter to a record high of CNY 7.67 trillion, beating the previous peak of CNY 7.1 trillion yuan in the first quarter of 2020. Investors have been monitoring the central bank's monetary indicators, amid concerns about policy tightening as the world's second-largest economy continued its recovery from last year's record contraction. Last year, policymakers cut interest rates and reserve ratios to support growth, amid the COVID crisis. Broad M2 money supply increased 9.4 percent from a year earlier, below estimates of 9.6 percent, while outstanding yuan loan grew 12.6 percent from a year earlier, matching expectations. source: People's Bank of China

Banks Balance Sheet in China averaged 803.66 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 May of 2021.

Banks Balance Sheet in China is expected to be 1610.00 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 1700.00 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.

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.

Please Paste this Code in your Website
width
height
China New Yuan Loans

Actual Previous Highest Lowest Dates Unit Frequency
2730.00 1360.00 3580.00 -32.10 2004 - 2021 CNY Billion Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-01-12 11:00 AM Dec CNY1260B CNY1430B CNY1220B CNY1120B
2021-02-09 08:00 AM Jan CNY3580B CNY1260B CNY3500B CNY3250B
2021-03-10 08:30 AM Feb CNY1360B CNY3580B CNY950B CNY1050B
2021-04-12 08:00 AM Mar CNY2730B CNY1360B CNY2450B CNY2520B
2021-05-11 08:00 AM Apr CNY2730B CNY1600B CNY1850B
2021-06-10 08:00 AM May
2021-07-10 08:00 AM Jun
2021-08-11 08:00 AM Jul


News Stream
China New Bank Loans Beat Expectations
China's banks extended CNY 2.73 trillion in new yuan loans in March 2021, up from CNY 1.36 trillion in the previous month and above market expectations of CNY 2.45 trillion. That pushed bank lending in the first quarter to a record high of CNY 7.67 trillion, beating the previous peak of CNY 7.1 trillion yuan in the first quarter of 2020. Investors have been monitoring the central bank's monetary indicators, amid concerns about policy tightening as the world's second-largest economy continued its recovery from last year's record contraction. Last year, policymakers cut interest rates and reserve ratios to support growth, amid the COVID crisis. Broad M2 money supply increased 9.4 percent from a year earlier, below estimates of 9.6 percent, while outstanding yuan loan grew 12.6 percent from a year earlier, matching expectations.
2021-04-12
China New Bank Loans Surprise on the Upside
China's banks extended CNY 1.36 trillion in new yuan loans in February of 2021, below a record of CNY 3.58 trillion in January but well above market forecasts of CNY 0.95 trillion. It is also higher than CNY 0.91 trillion a year earlier. 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. The bank withdrew CNY 80 billion right before the Lunar New Year. Broad M2 money supply grew 10.1 percent from a year earlier, above 9.4 percent in January and outstanding yuan loans grew 12.9 percent compared with 12.7 percent growth in January.
2021-03-10
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

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.