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.