China's banks extended CNY 718.8 billion in new yuan loans in April of 2023, the lowest in six months, and almost half of the market expectations of CNY 1402.5 billion. This figure compares with CNY 3,890 billion in March 2023, which was the highest value for a March month since at least 2004. The April reading shows signs of normalization after strong credit growth in the first quarter, right after the country removed its COVID restriction. In response, the authorities have recently announced further credit support for private-sector projects. source: People's Bank of China

Banks Balance Sheet in China averaged 910.62 CNY Billion from 2004 until 2023, reaching an all time high of 4900.00 CNY Billion in January of 2023 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 June of 2023.

Banks Balance Sheet in China is expected to be 2700.00 CNY Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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China New Yuan Loans



Calendar GMT Actual Previous Consensus TEForecast
2023-04-11 08:30 AM Mar CNY3890B CNY1810B CNY3235B CNY 3200.0B
2023-05-11 08:00 AM Apr CNY718.8B CNY3890B CNY1402.5B CNY1500.0B
2023-06-12 08:00 AM May CNY718.8B CNY980.0B


Related Last Previous Unit Reference
Interest Rate 3.65 3.65 percent May 2023
Cash Reserve Ratio 10.75 10.75 percent Jun 2023
Interbank Rate 2.40 2.95 percent Jun 2023
Money Supply M1 66980.00 67805.96 CNY Billion Apr 2023
Money Supply M0 10590.00 10559.13 CNY Billion Apr 2023
Money Supply M2 280850.00 281456.63 CNY Billion Apr 2023
Central Bank Balance Sheet 412654.20 421007.27 CNY HML Apr 2023
Foreign Exchange Reserves 3204766.00 3183872.00 USD Million Apr 2023
Banks Balance Sheet 718.80 3890.00 CNY Billion Apr 2023
Loans to Private Sector 12200.00 53800.00 CNY HML Apr 2023
Loan Growth 11.80 11.80 percent Apr 2023
Deposit Interest Rate 0.35 0.35 percent Apr 2023
Reverse Repo Rate 2.00 2.00 percent Jun 2023
Liquidity Injections Via Reverse Repo 2.00 2.00 CNY Billion Jun 2023
Loans To Banks 2251422.86 2244861.16 CNY HML Apr 2023
Lending Rate 4.35 4.35 percent Oct 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
718.80 3890.00 4900.00 -32.10 2004 - 2023 CNY Billion Monthly

News Stream
China New Bank Loans Lowest in 6-Months
China's banks extended CNY 718.8 billion in new yuan loans in April of 2023, the lowest in six months, and almost half of the market expectations of CNY 1402.5 billion. This figure compares with CNY 3,890 billion in March 2023, which was the highest value for a March month since at least 2004. The April reading shows signs of normalization after strong credit growth in the first quarter, right after the country removed its COVID restriction. In response, the authorities have recently announced further credit support for private-sector projects.
2023-05-11
China Bank Loans Hit Record for a March Month
China's banks extended CNY 3.89 trillion in new yuan loans in March 2023, up from CNY 1.81 trillion in the previous month and above market expectations of CNY 3.24 trillion. It was also the largest amount of new bank loans for a March month since at least 2004, as policymakers pledged to step up support for the economy recently hit by weak exports and the property downturn. Last month, the country's central bank cut banks' reserve requirement ratio by another 25bps, amid Beijing's efforts to boost growth in the world's second-biggest economy.
2023-04-11
China Bank Loans Largest on Record for February
China's banks extended CNY 1.81 trillion in new yuan loans in February 2023, down from a record CNY 4.90 trillion in the previous month but above market expectations of CNY 1.50 trillion. It was also the largest amount of new bank loans for a February month since at least 2004, as activity and demand rebounded helped by Beijing's efforts to boost growth in the world's second-biggest economy and following the lifting of harsh pandemic controls. Other credit gauges showed solid improvement. Broad M2 money supply grew 12.9 percent from a year earlier, beating market expectations of a 12.5 percent rise, and outstanding yuan loans advanced 11.6 percent, also above forecasts of 11.4 percent growth.
2023-03-10