The value of new yuan loans provided by the Chinese banks went up to CNY 2120 billion in June of 2021 from CNY 1500 billion in May, beating market forecasts of CNY 1800 billion. Figures compare with CNY 1810 billion a year earlier. M2 money supply grew 8.6% yoy, above 8.3% in May and forecasts of 8.2%. Outstanding yuan loans grew an annual 12.3%, higher than forecasts of 12.1% and 12.2% in May. Fresh figures showed Chinese authorities are still trying to boost economic growth through lending while normalising policy and containing debt. The Chinese State Council said in July it wants financial institutions to reduce fees and make profits, and benefit enterprises and people and suggested the PBoC should increase lending and cut the reserve requirement ratio. source: People's Bank of China

Banks Balance Sheet in China averaged 816.42 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 July of 2021.

Banks Balance Sheet in China is expected to be 1250.00 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 1400.00 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.

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China New Yuan Loans

Actual Previous Highest Lowest Dates Unit Frequency
2120.00 1500.00 3580.00 -32.10 2004 - 2021 CNY Billion Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-04-12 08:00 AM Mar CNY2730B CNY1360B CNY2450B CNY2520B
2021-05-12 08:30 AM Apr CNY1470B CNY2730B CNY1600B CNY1850B
2021-06-10 08:00 AM May CNY1500B CNY1470B CNY1410B CNY1300B
2021-07-09 09:00 AM Jun CNY2120B CNY1500B CNY1800B CNY1800B
2021-08-11 08:00 AM Jul CNY2120B CNY2000B
2021-09-11 08:00 AM Aug
2021-10-14 08:00 AM Sep
2021-11-11 08:00 AM Oct


News Stream
China New Bank Loans Rise for 2nd Month
The value of new yuan loans provided by the Chinese banks went up to CNY 2120 billion in June of 2021 from CNY 1500 billion in May, beating market forecasts of CNY 1800 billion. Figures compare with CNY 1810 billion a year earlier. M2 money supply grew 8.6% yoy, above 8.3% in May and forecasts of 8.2%. Outstanding yuan loans grew an annual 12.3%, higher than forecasts of 12.1% and 12.2% in May. Fresh figures showed Chinese authorities are still trying to boost economic growth through lending while normalising policy and containing debt. The Chinese State Council said in July it wants financial institutions to reduce fees and make profits, and benefit enterprises and people and suggested the PBoC should increase lending and cut the reserve requirement ratio.
2021-07-09
China New Bank Loans Above Forecasts
The value of new yuan loans provided by the Chinese banks went up to CNY 1500 billion in May of 2021 from CNY 1470 billion in April, beating market forecasts of CNY 1410 billion. Figures compare with CNY 1480 billion a year earlier. M2 money supply grew 8.3% yoy, above 8.1% in April and forecasts of 8.1%. Outstanding yuan loans grew an annual 12.2%, matching forecasts and below 12.3% in April. The PBoC is trying to normalise policy by reducing pandemic-driven stimulus and contain debt as the economy rebounds from the coronavirus-hit. China's policymakers are close to setting an average annual economic growth target of around 5% for the next five years, at the lower end of ranges previously considered as global risks cloud the outlook, Reuters reported citing policy sources.
2021-06-10
Chinese Banks Extend Less Loans in April
The value of new yuan loans provided by the Chinese banks decreased to CNY 1470 billion in April of 2021 from CNY 2730 billion in March, below market forecasts of CNY 1600 billion. The reading is also lower than CNY 1700 billion issued the same month a year earlier as the central bank continues with policy normalisation while maintaining support for smaller firms. Late in March, the PBoC asked major lenders to keep loan growth stable and reasonable at roughly the same level as last year, following a surge in loan growth in the beginning of the year, and aiming to curb risks, especially in the financial and real estate sectors. Outstanding yuan loans grew 12.3 percent year-on-year, the slowest pace since February 2020 and below 12.6 percent in March. The broad money supply M2 grew 8.1 percent, the lowest since July of 2019 and well below 9.4 percent in March.
2021-05-12
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 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.